Angus Taylor (Hume, Liberal Party, Minister for Energy) Share this | Hansard source

I thank the member for his question. The truth of the matter is that the Renewable Energy Target is going to wind down from 2020. The target reaches a peak in 2020, and we will not be replacing that with anything. We know that we will reach the 26 per cent emissions reduction target without additional intervention. We are very confident. There is no need to have subsidies in place, because we are going to reach the 26 per cent emissions reduction target without further intervention.

Let me tell you this: we have seen the experiment of 50 per cent renewable energy targets in this country in South Australia. We saw it there, and the results were shocking.

Ms Keay interjecting—

See this speech in context