Senate vote signals new era for Australia's energy sector

8 November 2011

Today’s passage of the Federal Government’s clean energy legislation through the Senate was the start of a new era that will transform Australia’s energy supply, according to the clean energy industry’s peak body.

Clean Energy Council Chief Executive Matthew Warren said today marked the beginning of a shift in the way we generate, deliver and consume electricity.

“This is a historic day for Australia and for the energy sector more broadly. Not only does it signal to the world that our country is committed to playing its part in reducing its greenhouse gas emissions, it heralds a new dawn for Australian innovation in clean energy,” Mr Warren said.

“Our industry has been calling for the right policy environment and a carbon price is a crucial part of that. The establishment of the Australian Renewable Energy Agency (ARENA) and the $10 billion Clean Energy Finance Corporation will give emerging technologies the boost they need to prove their potential as mainstream energy sources.

“The clean energy legislation will also provide an incentive for businesses and households to use energy more efficiently.”

A price on carbon means emissions-intensive energy sources have to pay for their pollution, allowing clean energy sources to compete on a level playing field. The legislation will help Australia play its part in avoiding dangerous climate change.

“The clean energy sector is poised to unlock billions of dollars in investment that will provide employment for tens of thousands of people and shape Australia’s electricity market for decades to come,” Mr Warren said.

“Renewable energy technologies will continue to exceed expectations and predictions about its efficiency and cost.  Combined with a price on carbon, the 20 per cent Renewable Energy Target will drive the widespread roll-out of clean energy at the lowest cost for all Australians.  Our economy is now well placed to take advantage of our abundant natural – and renewable – resources. We don’t need to rely on our mineral wealth alone.” 
 

For more information or to arrange an interview, contact Clean Energy Council Media Manager Mark Bretherton on 0413 556 981.