Simon Birmingham (SA, Liberal Party, Minister for Education and Training) Share this | Hansard source

I touched on some of those risks in my answer to Senator Lambie earlier. There are real risks. There are risks from different state and territory governments as states like South Australia, Victoria and Queensland—Labor state governments—pursue erratic, poorly considered renewable energy targets of their own as the alternative government in Australia pursues an equally erratic and poorly considered renewable energy target of some 50 per cent, with no costings and no plans.

We do know that Bloomberg New Energy Finance estimated that Labor's plan would cost $48 billion. That is $2,000 for every man, woman and child in Australia or around $5,000 per household. The Grattan Institute estimated Labor's plan would require some 10,000 new wind turbines over the decade. We can see real risks, of course, with the costs, as well as those risks on whether it actually contributes to a secure, stable and reliable energy market, which clearly their policies do not.