Arthur Sinodinos (NSW, Liberal Party, Minister for Industry, Innovation and Science) Share this | Hansard source

Both Mr O'Malley and Mr Frydenberg are right: we do need to get more certainty into our energy and environmental policies. But we will not get that certainty unless we as a parliament are prepared to be pragmatic about what needs to be done. This is very important. There are coal fired generators out there who are uncertain about the future. They do not know whether to refurbish or whether they should invest in new stations. We have a situation where the RET has done its job. But the fact of the matter is that we need to create greater certainty by having an appropriate signal to give people certainty that investment over 20, 30 and 40 years will be appropriate in this sector. But it has to meet three requirements: it has to have security, it has to be affordable and it has to reduce our greenhouse gas emissions. This is a difficult 'trilemma', as some people have called it. The government, through the work it is doing— (Time expired)