Labor sets 50 per cent renewable energy target by 2030 – June 2016

Filed under: Environment and Indigenous Affairs, Environment, Politics, Australian Politics, Elections,

A Labor government’s policies on renewable energy will reverse “the three years of destruction wrought by the Abbott-Turnbull Government on this growth industry which employs 20,000 Australians,” says Labor leader Bill Shorten.

Mr Shorten said: “Supporting renewable energy in Australia has multiple benefits: it lowers power costs for households, reduces the nation’s carbon emissions, and creates jobs for the future in a new and growing industry.

“That’s why a Labor government will directly drive investment in renewable energy by working with energy providers to enter into Power Purchase Agreements (PPA) equal to bringing Commonwealth energy use up to 50 per cent renewable energy by 2030.

“These would be 10-15 year contracts, and would provide the certainty needed for long term investment in the renewable energy sector. The jobs of the future will be powered by renewable energy.

“Labor's plan will help Australian businesses and households seize the opportunities of renewable energy.

“We will provide the economic and environmental leadership this sector needs, creating the right conditions for new jobs, new investment and new industries.

“Our plan is about setting an example, providing certainty and backing words with actions.

“Our comprehensive plan for renewable energy in Australia includes:

  • 50 per cent renewable energy by 2030;
  • up to 10 Community Power Hubs across the country to boost small-scale renewables;
  • adequate funding for the Australian Renewable Energy Agency (ARENA) which the Abbott-Turnbull Government has tried twice to abolish.
  • expanding the investment mandate of the Clean Energy Finance Corporation (CEFC) which the Abbott-Turnbull Government has also tried to abolish twice.

“The Government’s own numbers predict that under its so-called ‘Direct Action’ policy, emissions will rise by 7.7 per cent by 2020.

“A policy costing $2.5 billion of taxpayer money that is meant to be cutting emissions will actually result in an increase.

“In the Abbott-Turnbull Government’s first year, large-scale renewable energy investment fell by a stunning 88 per cent.

“Small-scale renewable installations, such as rooftop solar, have also taken a tumble. In the last year of the Labor Government, nearly 413,000 such installations occurred. This year we are on track for 113,000.”

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