Labor established the CEFC and we’re supportive to see it grow, however this 17th energy policy from the Morrison Government will do nothing to lower power prices for Australian households and businesses.
Since the Liberals energy crisis began in 2015, wholesale power prices have risen by 158 per cent.
Imitation is the most sincere form of flattery but the Liberals’ $1 billion investment into the CEFC pales in comparison to the policy Labor took to the election to invest $10 billion into the CEFC and a further $5 billion fund to secure and improve grid reliability.
In addition, Labor committed to doing what the Morrison government still refuses to do – to deliver a national energy policy to end an investment-stifling policy vacuum and to support investment in clean energy.
It’s time for Scott Morrison to stop tinkering around the edges and instead implement a national energy policy which will drive investment, cut power bills and reduce emissions.