By Julie Owens MP

14 December 2021

Last week Labor announced a plan to cut power bills, create jobs and reduce emissions by boosting renewable energy.

 

For nearly a decade, the Liberal Government’s mismanagement of our energy policy has been a threat to our economy - leaving Australia missing out on the jobs, growth, and opportunities that our abundant renewable resources could unlock.

 

Business has shown leadership. Government must play its part.

 

Labor’s Powering Australia plan will bring cheaper renewable energy to Australian homes and businesses, cutting power bills for families and businesses by $275 a year for homes by 2025, compared to today.

 

Our plan will spur $76 billion of investment and create 604,000 jobs, with 5 out of 6 new jobs to be created in the regions.

 

The benefits of the plan to the Australian economy are backed up by the most extensive independent modelling ever carried out for an Opposition.
 
Alongside the economic benefits, our plan will reduce Australia’s emissions by 43 per cent by 2030 – which will become Australia’s target under the Paris Agreement, keeping us on track for net zero by 2050.

 

Peak groups including the BCA, Australian Industry Group, and National Farmers Federation have said that raising Australia’s 2030 emissions mitigation goals is “necessary to provide a clear and credible basis for action and investment [and] maintain our competitiveness amidst a growing global transition”.

 

Labor’s plan puts Government policy in line with Australia’s leading industry, business and agricultural groups as well as key trading partners like Canada (with its similar economic base), which has committed to cut emissions by 40-45 per cent by 2030, South Korea at 40 per cent and Japan at 46 per cent.

 

Our plan will:

  • Upgrade the electricity grid to fix energy transmission and drive down power prices.
  • Make electric vehicles cheaper with an electric car discount and Australia’s first National Electric Vehicle Strategy.
  • Allocate up to $3 billion from Labor’s National Reconstruction Fund to invest in green metals (steel, alumina and aluminium); clean energy component manufacturing; hydrogen electrolysers and fuel switching; agricultural methane reduction and waste reduction.
  • Install 400 community batteries across the country.
  • Demonstrate Commonwealth leadership by reducing the Australian Public Service’s own emissions to net zero by 2030.
  • Invest in 10,000 New Energy Apprentices and a New Energy Skills Program.

And much more – scan the QR code to read the full detail of the plan and the independent modelling that backs it up.

 

Less than a month after the biggest climate conference in world history Australia has been asked to try again when it comes to climate policy, after being ranked last in the world.

 

Australians deserve a plan to secure our nation’s future, to maximise the benefits of new technology, cheaper energy, new job opportunities and cheaper low-emissions vehicles.