The Albanese Government's Budget expenditure to accelerate clean energy will be critical to easing cost-of-living pressures.
With close to $25 billion committed to clean energy spending, this is a budget of a Federal Government that clearly understands the importance of the clean energy transition. This funding supports Australia's rapid transition to renewable energy, ensuring more Australians can access clean, low-cost electricity.
"This is the medium-to-long-term Federal Government expenditure that our industry has long called for," said Clean Energy Council Chief Executive, Kane Thornton.
"Tonight's announcements reveal a breadth and depth of commitment not seen before when it comes to successfully managing a fast and fair transition to renewable energy.
"Funding, like that announced last week under the Rewiring the Nation program to proceed with Marinus Link and for Clean Energy Finance Corporation funding for the Victoria-NSW KerangLink interconnector, enabling more clean, low-cost renewable energy and storage to power Australian homes and business is what will ultimately ease cost-of-living pressures.
"We're being warned that there is more pain on the way in the short-term due to our reliance on an energy system built around the failing dirty technologies of the past – unreliable coal and expensive gas. Tonight's Federal Budget gets Australia on the right track, making the most of the renewable energy boom and setting our nation up for clean energy superpower status.
"It's a Budget that has prioritised funding in the renewable energy labour market that supports a growing and diverse regional workforce. Clean, low-cost energy can provide enormous opportunities for workers, communities and our environment. After a decade in the energy wilderness, tonight's Federal Budget accelerates the transition to clean, affordable and reliable renewable energy while investing heavily in the jobs and skills needed to realise that transition."
For more information or to arrange an interview, contact:
Clean Energy Council Media Manager
+61 409 470 683