Simon Birmingham (SA, Liberal Party, Minister for Finance) Share this | Hansard source

Australia's domestic energy market has undergone an amazing transformation, and that transformation of Australia's domestic energy market sees us having the world's highest uptake of rooftop solar in the world and having huge investment in those renewable sectors, underpinned, indeed, by our investment in Snowy 2.0 and the Battery of the Nation project. The types of projects that Senator Hanson-Young is asking about largely fuel the energy demands of other countries, of other nations. Now, as those nations make the transition, which many of them are committing to do, we will see a transition in terms of the demand for energy. That's why we are seeking to invest and to make sure we can attract those international partners—like the agreements we've signed with Japan, Korea, Germany or Singapore in relation to cooperation on new energy opportunities for the future. That's about backing those partners who may, as part of their transition, continue to draw on some of those resources projects from Australia. We want to make sure that, if they transition, when they transition, we have the alternatives in place to work with them as well. (Time expired)