Tuesday, January 18, 2022

Labor unveils ‘Powering Australia’ plan for cheaper power

Creating jobs, cutting power bills and reducing emissions by boosting renewable energy are at the centre of Labor’s Powering Australia plan. This plan will bring cheaper renewable energy to Australian homes and businesses.

For nearly a decade, the Liberal Government’s mismanagement of our energy policy has been a threat to our economy – leaving Australia missing out on the jobs, growth, and opportunities that our abundant renewable resources could unlock.

An official statement from Anthony Albanese, leader of australian Labor party and Chris Bowen, shadow minister for climate change and energy  said taht Labor Government will close the yawning gap between current Federal Government and business community, agricultural sector and state governments when it comes to investing in the renewables that will power our future.

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Our plan will create 604,000 jobs, with 5 out of 6 new jobs to be created in the regions,
it will spur $76 billion of investment, the statement read.

It will cut power bills for families and businesses by $275 a year for homes by 2025, compared to today.

Powering Australia will prioritise growth and investment for the regions that have served as Australia’s engine room for so long – that know energy, manufacturing and resources.

The MPs said that alongwith economic benefits, their plan will reduce Australia’s emissions by 43 per cent by 2030 – which will become Australia’s target under the Paris Agreement, keeping us on track for net zero by 2050.

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