Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

on four separate occasions last night, the shadow Treasurer said that there would be no impact on electricity prices of a renewable energy target of 50 per cent. He said it on four separate occasions—absolutely no impact on electricity prices for households if you forced renewable energy at 50 per cent. On top of that, he said there would be absolutely no impact whatsoever on the budget. Now, it took a while to decipher that from his comments, but on four occasions he said 'there is no impact'.

What sort of a fantasy land is the shadow Treasurer living in when he thinks if you forced investment in renewables—and I do not know where he thinks the subsidies are going to come from for the $48 billion of additional investment that needs to be made or how he thinks that is going to flow through into energy prices for households. But is it any wonder that those opposite think that that is some sort of sensible policy? In the alternative reality in which they live, they think that it will have no impact on electricity prices. The shadow Treasurer has given the Leader of the Opposition a blank cheque when it comes to reckless renewable energy policies and abandoning the all-of-the-above approach that has been pursued by this side of the House. The coalophobia of those opposite treating coal like it is a great Jabberwocky is very concerning. It is going to cost jobs and it is going to cost business. (Time expired)

See this speech in context