As a direct result of the Morrison Government’s refusal to introduce a national energy policy, investment in renewable energy projects collapsed by 60 per cent in 2019.
The new figures, from Bloomberg New Energy Finance, highlight Scott Morrison and Angus Taylor’s failure to deliver climate and energy policy.
This latest assessment reflects reports from the Clean Energy Council of the same scale of investment collapse last year.
Investment and jobs in renewable energy should be soaring in Australia – as it is around the rest of the world.
Instead, thousands of jobs are likely to be lost.
For seven years the Liberals have launched 18 energy policies, which have all failed.
Instead, all Scott Morrison has delivered are soaring power bills and a collapse in renewable investment and jobs.
As ageing and increasingly unreliable coal-fired power stations exit the system, Scott Morrison needs to show some leadership, put an end to his Government’s internal divisions and provide the energy sector with the certainty it needs to invest in the renewable energy and storage we need to power our future.