Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

As I said in an answer earlier in the week, we have a budgeted plan that's backed by the AEMO Integrated System Plan, which looked at the total cost out to 2050 of the generation, storage and transmission of renewable energy, and the figure that's being applied to that by AEMO under the release of the new ISP today is $122 billion. In this budget we are investing an extra $22.5 billion over the next decade to help make Australia a renewable energy superpower, including $3.2 billion for ARENA, $1.7 billion for the Future Made in Australia Innovation Fund, $6.7 billion for hydrogen production tax credits and $1.3 billion for Hydrogen Headstart, building on the $2 billion from our last budget. The capacity investment scheme— (Time expired)