RENEWABLE INVESTMENT WILL COLLAPSE AND GAS PRICES TOO EXPENSIVE

Despite the Turnbull government’s continued war against renewable energy, there has been a burst in renewable energy investment to discharge the Renewable Energy Target, the same policy the Abbott government tried to abolish.

Yet all that is set to crash under Malcolm Turnbull’s low ambition National Energy Guarantee.

Experts have been warning of a collapse in renewables investment under the Government’s NEG, with more warnings reported today’s Financial Review. Kobad Bhavnagri, head of Bloomberg New Energy Finance stated; "It's likely to taper in 2018 and then collapse after 2020 because the National Energy Guarantee requires very little investment to be met," 

It’s not only the renewable energy industry this government is failing, big gas users are barley treading water because Malcolm Turnbull’s handshake agreement with the gas exporters has failed to deliver price relief.

Minister for Resources, Matt Canavan, admitted it himself saying this week in Adelaide, “I realise and understand that (gas) prices currently in southern Australia still do remain intensely challenging for industries.”

A year on this government has absolutely failed to address the energy crisis:

Gas and electricity bills are still too high for households and businesses.

Renewable energy investment will collapse after 2020 under their weak NEG.

Carbon pollution rose by 1.5 per cent last year and will continue to rise all the way to 2030

The only way to secure affordable bills, see growth in the renewable energy sector, and bring down pollution is by electing a Labor government.