Dave Sharma (NSW, Liberal Party) Share this | Hansard source

I welcome the opportunity to talk about the Albanese government's energy policy failure. What we've seen from this government is a trifecta of failure: they're failing to make significant emissions reductions, they're failing to make electricity cheaper and they're failing to make our energy system more reliable.

In the first quarter after Labor came to office, quarterly emissions as reported in the National greenhouse gas inventory for the June 2022 quarter were 108.2 megatons of CO2 equivalent. For the most recent quarter available, March 2024—almost two years later—quarterly emissions were 109.7 megatons of CO2 equivalent. Emissions have gone up since Labor came to office. Compare this with the coalition. When we came to office in 2013, annual emissions were 557 megatons of CO2 equivalent and, when we left office in 2021, they were 438—a cumulative emissions reduction of 21 per cent. What we have seen from Labor in terms of emissions reduction is a big doughnut—a zero. They promised lower emissions but, in fact, emissions are increasing. Remember how many times the Labor government promised that electricity bills would be $275 cheaper on average by the end of 2025.