It has been alarming to read recent reports of proposals by Coalition members to support or build coal-fired power stations at the expense of the public taxpayer.
There would be serious implications of such a policy for our region, given the recent comments made by Snowy Hydro COO, who said that not only was there no support in the marketplace for a new coal-fired power station but that any attempt to build one would make the viability of Snowy 2.0 deeply questionable.
As a nation, we need to get our act together on renewable energy and climate change for our environment, consumers and the business community.
That’s why I welcome the announcement made last month that a Shorten Labor Government will drive new investment in renewable energy generation and storage and transform Australia’s energy supply systems – delivering more renewables and cheaper power for all Australians.
Labor’s Plan for more renewable energy and cheaper power includes a 10-year energy investment framework that delivers certainty for industry, lower power prices and more reliability.
Labor will double the original investment in the Clean Energy Finance Corporation, create an independent Energy Security and Modernisation Fund, provide $5 billion in capital to future-proof our energy network, and implement a new Energy Productivity Agenda.
This plan will be good for Eden-Monaro households, good for our regional economy and good for the environment. It will help deliver 50 percent of power from renewables by 2030, keep power prices lower, and create new jobs in our renewables industry right here in our region.
People in our region will also benefit from Labor’s commitment to invest $10 million in a Clean Energy Training Fund to support the training of workers in clean energy industries, from solar and battery installers, to energy management system professionals.