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

The plan we released today shows very clearly that the cost of the low emissions technology roadmap is $20 billion over the next 10 years. In addition to that, $20 billion is what we're investing in to produce those low emissions technologies, which is the central component of our plan to hit net zero emissions by 2050. It's technology, not taxes. It's about choices, not mandates. We're not seeking to force people to do things. We're not seeking to close anything down. They're the sorts of policies the Labor Party pursues. That's what their agenda is, not our side of politics. What we are doing is building up a portfolio of technologies which will ensure that over the next 30 years we'll be able to achieve that goal by adding to jobs, by adding to investment, by strengthening our regions and our rural communities, our agricultural sectors, our transport sectors, our mineral sectors, our manufacturing sectors. Under our government we will be able to go to COP 26 and say that our emissions reductions by 2030 will meet and beat our Paris commitments. A 35 per cent reduction is what we now anticipate because of the work that has been done and particularly because of the low emissions technology roadmap, which has been brought together by the Minister for Industry, Energy and Emissions Reduction. This is a plan that backs in the efforts of Australians that Australians are making, which are already seeing us reduce emissions and are setting us on that pathway to 2050, to ensure that we achieve net zero emissions without damaging our economy, without taking away the way of life that rural and regional Australians have been able to appreciate. When the Labor Party were in power they only had one plan to reduce emissions. It was called a tax.

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