Tracey Roberts (Pearce, Australian Labor Party) Share this | Link to this | Hansard source

Today is World Environment Day, and the Albanese Labor government's budget gives reasons to celebrate. Funding for the environment is crucial for safeguarding our planet's health and sustainability. By prioritising clean energy technologies and green infrastructure projects, we can create jobs, stimulate innovation and transition towards a more sustainable future.

The Albanese Labor government is unlocking more than $65 billion of investment in renewable capacity by 2030. We are helping Australians to benefit from cheaper, cleaner energy by investing over $27 million to integrate consumer energy resources, like batteries and solar, into the grid. The new vehicle efficiency standard will save Australians around $95 billion at the bowser by 2050 and will reduce transport emissions.

Our government is working closely with trading partners to identify opportunities to drive greater supply chain transparency and better market recognition of high environmental, social and government standards in the critical minerals sector. This budget continues investment to support emissions reduction in the agricultural land sector. This budget provides $174.6 million for the National Water Grid Fund to deliver new water infrastructure projects that will enhance water security and boost agricultural production. The Albanese Labor government's budget reflects our commitment to preserving the planet for future generations and to the legacy that we leave behind.