Labor doubles down on failed energy policy

Labor’s decision to write a blank cheque on behalf of Australian
Taxpayers to bring more renewables online is a glaring admission that its
climate and energy policies have failed.

Labor’s decision to underwrite new renewable energy projects
responds to a 40% drop in investment since Labor came to office, making its 82%
renewables target to 2030 unachievable.

Instead of learning lessons from its failure, Labor is doubling
down and it will be everyday Australians that have to pay the bill.

And how much will it cost? Labor refuses to say. In other words,
it’s a blank cheque.

Instead of keeping Australians safe, building critical roads and
rail and fixing its cost-of-living crisis Labor is doubling down on a
‘renewables only’ plan that has lost all credibility.

Labor’s 43% emissions reduction target, 82% renewable energy
target, 89% electric vehicle target and the all-important $275 reduction in
power bills are all set to fail.

This risks locking Australia into a path from which there may be
no return, and future generations will be destined for energy poverty and
energy insecurity.

Labor is failing on all counts when it comes to climate change and
energy.

In fact, under Labor, electricity prices have hit record highs
with families paying up to $1000 per year more on their bills.

Labor must abandon its
reckless ‘renewables only’ ideology and adopt an ‘All-of-the-Above’ approach,
as the Coalition has done, if it wants to cut emissions while keeping the
lights on and prices down.