5 years ago
LIBERAL ENERGY POLICY CHAOS
CHRIS BOWEN MP
The Liberal government’s chaotic energy policy is undermining the investment we need to modernise our electricity system and deliver lower prices and pollution.
In their annual Australian Infrastructure Investment Report, Infrastructure Partnerships Australia (IPA) have slammed the Abbott-Turnbull-Morrison government for “growing investor uncertainty in the energy sector due to the absence of a clear national energy policy or approach to emissions reduction and energy reliability”.
The report stated “an overwhelming 87 per cent of participants agreed there is widespread uncertainty in Australia’s energy sector”, up by 13 percent in just the last year alone.
The report criticises the Morrison government’s decision to abandon the NEG, saying this decision has “stifled investment in energy generation because there is no clear policy on integrating renewables into a reliable and cost effective energy system.”
Assessing attitudes to investing in Australian infrastructure, IPA surveyed investors holding a total of $380 billion in infrastructure assets worldwide.
One global investor stated “There’s been a lot of misinformation and now the result is you don’t have an energy policy that people can understand, trust or believe in.”
In 2015, 35 percent of respondents to this survey said Australia’s political instability was worse than average. After 4 more years of chaotic Liberal government, that number is now 50 percent.
The Liberal’s energy policy has been a master class in ideologically driven policy chaos, and its impact has been ever higher power prices, rising emissions and a worsening energy crisis.
Australia deserves clear, consistent and credible energy policy, to modernise the system, invest in new generation and bring carbon pollution and prices down. That is exactly what Labor will deliver.
In their annual Australian Infrastructure Investment Report, Infrastructure Partnerships Australia (IPA) have slammed the Abbott-Turnbull-Morrison government for “growing investor uncertainty in the energy sector due to the absence of a clear national energy policy or approach to emissions reduction and energy reliability”.
The report stated “an overwhelming 87 per cent of participants agreed there is widespread uncertainty in Australia’s energy sector”, up by 13 percent in just the last year alone.
The report criticises the Morrison government’s decision to abandon the NEG, saying this decision has “stifled investment in energy generation because there is no clear policy on integrating renewables into a reliable and cost effective energy system.”
Assessing attitudes to investing in Australian infrastructure, IPA surveyed investors holding a total of $380 billion in infrastructure assets worldwide.
One global investor stated “There’s been a lot of misinformation and now the result is you don’t have an energy policy that people can understand, trust or believe in.”
In 2015, 35 percent of respondents to this survey said Australia’s political instability was worse than average. After 4 more years of chaotic Liberal government, that number is now 50 percent.
The Liberal’s energy policy has been a master class in ideologically driven policy chaos, and its impact has been ever higher power prices, rising emissions and a worsening energy crisis.
Australia deserves clear, consistent and credible energy policy, to modernise the system, invest in new generation and bring carbon pollution and prices down. That is exactly what Labor will deliver.