House debates

Tuesday, 22 November 2022

Questions without Notice

Energy

2:45 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

I'm precisely talking about the price of energy, which is very much related to whether there is investment in new energy or not. I know that might be too complex for those opposite, but here's what the chief executive of Neoen, the French group, had to say just this week about the investment in new energy, which will have an impact up to 2030. This is what he had to say about 2025:

We are the largest renewable player in the country and we want to quadruple in size before the end of the decade. We are going to double between now and 2025 and we are going to double again before the end of the decade. … there will be hundreds of jobs coming from these new investments.

…   …   …

… the good thing is that renewable energy is part of the solution.

…   …   …

We have a cost of production that is much lower than other energy sources.

So what we're seeing as a direct result of the policy that we have is more investment, which is, as the chief executive of Neoen said, much lower than other energy sources—something that those opposite don't seem to understand.

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