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

As I said, we are seeing positive results. Coal is making up a declining proportion of our nation's electricity market. It is down seven per cent since the carbon price began. At the same time, electricity generated from renewable sources has increased almost 30 per cent. Treasury modelling shows that under a carbon price the transformation of the electricity sector will continue, with renewable energy making up an increasing proportion of the energy mix. In combination with our carbon price, the Renewable Energy Target, the Clean Energy Finance Corporation and the Australian Renewable Energy Agency will continue to drive the transition of our emissions intensive energy network to a more suitable path.

Nations around the world accept the science of climate change and are taking domestic measures to move to clean energy sources. The growth of Australia's significant export coal industry will be determined by the energy needs and policies of its customers, the efficiency of their operators and competition with clean energy technologies— (Time expired)