House debates

Thursday, 1 June 2023

Matters of Public Importance

Energy

4:12 pm

Photo of Tania LawrenceTania Lawrence (Hasluck, Australian Labor Party) Share this | Hansard source

Here we have an MPI from the opposition on energy prices. They are absolutely devoid of any self-awareness. This is from a bunch that couldn't land any sort of energy policy for nine years. This is from a group that couldn't even agree amongst themselves that they need to accept the science on climate change. This is from a group that lurched from one scare campaign to the next, pitting Australian against Australian in a disgusting, cynical ploy to claw back any semblance of political relevance.

In December, this government took decisive action on energy prices. Demonstrating clear leadership, we put a cap on wholesale gas prices. We could see that the supply shock caused by the war in Ukraine was impacting prices, and we took firm action to protect Australian consumers. How seriously did the government take the threat to the livelihoods of Australian people and businesses? I will tell you. The Prime Minister recalled the parliament to pass legislation. That's how seriously we took it. I had to fly back from Hasluck, which is some 3,000 kilometres away, and I was happy to do so because it was the right thing to do. And how seriously did members opposite take that threat to energy prices? They voted against the cap. The member for Fairfax needs to explain this to his constituents. Where would energy prices be now if the coalition were in power? They'd be much higher. And where would inflation be? The general consensus is that the cap will have had an anti-inflationary effect of up to three-quarters of a per cent, so where would inflation be if we had had a Dutton government? It would be higher. But that's not all; there is more.

In the May budget, the Treasurer outlined the energy price relief bill, with targeted relief for five million individuals and families most in need and for one million small businesses—true cost-of-living measures, with real reductions in energy bills.

But, at the end of the day, what this MPI really asks is this: what would a really good coalition energy policy look like? I'll tell you what it would look like. It would look like ours, properly identifying and addressing the current situation and then planning ahead for a green energy future. Not sure what I mean by that? Here are some examples.

It means investments in solar energy, like $65 million in a groundbreaking solar thermal project; investments in wind energy, the six regions earmarked for offshore wind farms and project progressing; investments in battery storage, like the 400 community batteries being delivered all over the country, including in Stratton in my electorate of Hasluck; investments in exploration and the processing of critical minerals, and we're partnering with the US on the supply chains; investments in hydrogen, like the $2 billion Hydrogen Headstart program; investments in transmission—we're rewiring the nation; investments in electric vehicles, like the EV-charging network, to give motorists the confidence to switch over; and investments in innovation, encouraging the development of tomorrow's technology today through the $10 billion National Reconstruction Fund. It means investments in electrification and efficiency, like the $1.3 billion to establish the Household Energy Upgrades Fund, the $310 million in tax relief for the Small Business Energy Incentive, the Renewable Energy Target and so much more—so many initiatives, so little time. If members opposite would like, I'm happy to send them a link.

All of these forward-looking policies will contribute not just to cheaper energy for all Australians but to the meeting of our emissions targets and a cleaner, more circular economy. At the same time, it insulates us from the global shocks, such as the one we are currently experiencing.

In conclusion, the reason the coalition keep returning to their own mess in this area of policy is that they know that the cost of living is an issue and they hope that the Australian people will blame the government for the coalition's own failures and not look too hard at their actions in this place over the last year and the nine hopeless years prior to that—because, if the average Aussie punter had a good, hard look at the coalition, what would they find? They'd find a motley collection of climate deniers mixed in with too few others, who can't steer their party's debate. They'd find a coalition that opposed the cap on gas prices; that would have created even higher inflation if they'd held the reins. They'd find a dearth of policy and an office devoted to photocopying old MPIs.

Due to the Albanese government's timely courage and the measures in the budget, Australian consumers are in the best position they could be in in the current international environment. This is a government that walks the walk.

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