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

The building blocks of the plan which we outlined yesterday: the Emissions Reduction Fund, some $2½ billion and the top up of that fund by a further $2 billion; the delivery of Snowy 2.0 at $1.4 million; the Marinus Link and the energy efficiency improvements; the Grid Reliability Fund, some $1 billion on energy generation, storage transmission and grid transition; the hydro industry development plan of $1.2 billion; the carbon capture and storage hubs, which we believe on either side of the House—Labor is voting against carbon capture and storage in this parliament; the ARENA funding of $1.4 billion, continued funding and an expanded mandate; the gas-fired recovery projects; the King review safeguard mechanism; the international technology partnerships of some $565 million, with India being added to those as well as Japan, the United Kingdom, Germany and others. These are the initiatives the government is undertaking to get to net zero by 2050. We don't even know what their 2030 target is, and they don't have a plan for any of it.

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