Date: 05 May 2016
Labor created ARENA and we will
continue to support it. This evening Bill Shorten made it very clear
that real action on climate change will create new jobs and attract international investment. This will be driven by the renewable energy revolution “the jobs of the future will be powered by infrastructure and renewable energy”.
Labor is committed to debt, equity and
capital grant funding for the renewable energy sector. To achieve our
target of 50% renewable energy generation by 2030 each of these three
elements are crucial.
Labor has released a comprehensive Climate
Change Action Plan, which includes a commitment to $206.6 million for a
specific Concentrated Solar Thermal round of funding, $98.7 million to
establish a Community Power Network and Regional Hubs, all to be funded
through ARENA and a commitment to continue the Clean Energy Innovation
Fund.
ARENA’s funding trajectory has been a
political plaything of the Turnbull Government with the various changes
over the term of this Government making it lumpy and sub optimal.
ARENA is fully funded for 2016/17 but we
recognise that the balance of funds and programs needs further
consideration to ensure that we have what is actually required to
achieve our targets for the renewable revolution and deliver on the
commitments in our Climate Change Action Plan.
On winning Government we will sit down with the ARENA board and work through exactly what is required.
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