Kate Lundy (ACT, Australian Labor Party, Minister Assisting for Industry and Innovation) Share this | Hansard source

We are, of course, very concerned about any job loss. That is why we are committed to building a clean energy future. A price on carbon will and is driving investments in the renewable energy sector. This transformation of our energy sector supported by the Renewable Energy Target will drive around $100 billion of investments in the renewable sector over the period to 2020. We are supporting this investment through a range of initiatives, including the $10 billion Clean Energy Finance Corporation and $3.2 billion Australian Renewable Energy Agency. The government are also committed to ensuring local companies have maximum opportunities. I have already mentioned the Australian Industry Participation Plans. As we create this clean energy future, jobs will continue to grow. Treasury modelling shows that by 2020 some 1.6 million jobs will be created under a carbon price.