Media Release – Labor’s Renewable Energy Plan to Turbo Charge Inner West Sustainability – Friday, 23 November, 2018
A Shorten Labor Government will deliver a major expansion of renewable energy helping to produce the clean energy transformation that people in the Inner West and across Australia have been calling for.
Labor’s policy includes a $15 billion investment in renewable energy and will allow Inner West residents to play their part in the clean energy revolution, through a new target that can see 1 million household batteries being installed by 2025.
Our plan includes a commitment to 50 per cent of electricity coming from renewables and a 45 per cent reduction in carbon emissions by 2030.
In Government we established the enormously successful Clean Energy Finance Corporation and if elected again will turbo charge the CEFC with an additional $10 billion investment, to drive the shift to renewable energy.
With the Morrison Government having completely abandoned energy and climate change policy, the hopes of Australians who want a clean energy future depend on changing the Government at the upcoming election.
People in the Inner West know that we need a Labor Government to get our nation’s climate change and energy policies back on track.
Through Labor’s plan residents in Grayndler will have assistance to slash their power bills and help in the national effort to reduce emissions, by installing household batteries in their homes.
Our Household Battery Program will provide a $2,000 rebate for 100,000 households on incomes of less than $180,000 per year to purchase and install battery systems, as well as low-cost loans for households.
Our target of 1 million new batteries to be installed by 2025 would triple the number of battery systems in Australian households compared to today.
Labor’s plan for more renewable energy and cheaper power also includes:
- Establishing a $5 billion Energy Security and Modernisation Fund to future-proof our energy network by building and upgrading Australia’s energy transmission and distribution systems.
- Continuing to pursue a National Energy Guarantee which was abandoned by the Morrison Government under pressure from the hard right of the Liberal Party.
The former Labor Government took the number of households with rooftop solar from 7000 to 2 million and delivered the Renewable Energy Target of 20 per cent by 2020.
FRIDAY, 23 NOVEMBER, 2018