FINALLY, A FEDERAL BUDGET THAT DELIVERS FOR CLEAN ENERGY   

25 OCTOBER, 2022
Clean Energy Council

The Albanese Government's Budget expenditure to accelerate clean energy will be critical to easing cost-of-living pressures.

With close to $25 billion committed to clean energy spending, this is a budget of a Federal Government that clearly understands the importance of the clean energy transition. This funding supports Australia's rapid transition to renewable energy, ensuring more Australians can access clean, low-cost electricity.   

"This is the medium-to-long-term Federal Government expenditure that our industry has long called for," said Clean Energy Council Chief Executive, Kane Thornton.

"Tonight's announcements reveal a breadth and depth of commitment not seen before when it comes to successfully managing a fast and fair transition to renewable energy.

"Funding, like that announced last week under the Rewiring the Nation program to proceed with Marinus Link and for Clean Energy Finance Corporation funding for the Victoria-NSW KerangLink interconnector, enabling more clean, low-cost renewable energy and storage to power Australian homes and business is what will ultimately ease cost-of-living pressures.

"We're being warned that there is more pain on the way in the short-term due to our reliance on an energy system built around the failing dirty technologies of the past – unreliable coal and expensive gas. Tonight's Federal Budget gets Australia on the right track, making the most of the renewable energy boom and setting our nation up for clean energy superpower status.

"It's a Budget that has prioritised funding in the renewable energy labour market that supports a growing and diverse regional workforce. Clean, low-cost energy can provide enormous opportunities for workers, communities and our environment. After a decade in the energy wilderness, tonight's Federal Budget accelerates the transition to clean, affordable and reliable renewable energy while investing heavily in the jobs and skills needed to realise that transition."

ENDS

whiteknight wrote on Oct 27^th, 2022 at 4:15pm:


AnAl said we would save around $275 a year on electricity before he was elected now he is saying our power bills will go up by over 50%.

How are people like you going to afford higher electricity prices?

Power bills are set to spike 56%

Thousands of people will be destitute. 

Captain Nemo wrote on Oct 29^th, 2022 at 1:31pm:



Some businesses will end up closing.

Belgarion wrote on Oct 29^th, 2022 at 8:20pm:


Er...that's because the necessary infrastructure has yet to be rolled out.....against the massive resistance of the price-gauging, filthy fossil industry.

lee wrote on Oct 31^st, 2022 at 4:35pm:


No; I want renewables infrastructure to be rolled out ASAP, while fossil production is slowly reduced, consistent with ensuring sufficient energy in the grid.

But the private fossil companies are still wanting to increase output and profits...

Belgarion wrote on Nov 1^st, 2022 at 8:58am:


I'm not sure that is the case in Oz: only 25 million people living in a mostly hot desert the size of China could surely power itself with renewables (plus sufficient pumped hydro storage) alone.

But yes, globally, it seems nuclear power will be necessary for base supply. 

In any case, we can exit fossils.

Frank wrote on Nov 1^st, 2022 at 10:34am:


That's because  essential energy production is still in private hands.

It's time to nationalize the energy sector, since the greedy private sector - by definition - will never allow an orderly transition to renewables, as fossil companies attempt to maintain their extortionate profits.