Posted by: Grant | December 8, 2013

Don’t Forget The RET

Senator Ron Boswell LNP Queensland
SPEECH: RET – 14 November 2013

boswellThere has been much talk in this chamber about the carbon tax and everything Australia will gain by scrapping it. We’ll be better off $8 billion a year. Households will save an average of $550 a year in 2014-15.

But there is more we can, and should, be doing. There is another green impost that has put up electricity prices for businesses and households almost as much as the carbon tax. Like the carbon tax, it is doing nothing to lower carbon emissions, and has only served to lower electricity use by unprecedented levels. Unlike the carbon tax, it has no end in sight in the immediate future.

Of course, I am talking about our renewable energy targets.

The RET is on track to cost us $5 billion a year by 2020. Around one-fifth of the average household electricity bill will then come from it. It has already put up power prices for industry to such an extent you have manufacturers shutting down or moving overseas.

Now, voters have spoken loud and clear on the carbon tax. They never wanted a carbon tax. This election, they threw their support behind the party that promised to scrap the carbon tax.

I am sure that if the full repercussions of our forced investment in renewables were put out there, public opposition to the RET would be just as loud…. “


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