Greens energy spokesperson Adam Bandt MP has introduced the Renew Australia Bill 2016 into the House of Representatives. The Bill aims to create a new government statutory authority to oversee the planned closure of coal-fired power stations, invest in clean renewable energy, support affected communities through the transition, and rewrite energy market laws.
Mr Bandt said the bill implements the Greens’ energy plan, which aims to increase energy production by about 50 per cent and transition from dirty to clean power.
“The rules of Australia’s energy system need to be rewritten,” Mr Bandt said.
“Government must be the midwife of the clean energy society and that means a high level of planning to get public and private works happening in time.
“The Renew Australia bill creates a statutory authority charged with drafting laws to rewrite the country’s energy system so that we can get off coal and onto renewables by 2030.”
Mr Bandt said Australia’s existing energy generators, grid and market are no longer “fit for purpose”.
“The transition task is huge and requires government coordination if we’re to ensure no-one is left behind,” he said.
“Everyone now accepts that a carbon price alone won’t phase out coal in the time we need, unless it is very high.
“An overarching set of ‘new energy objectives’ is needed to shift to renewables, phase out coal in an orderly way, create a grid that supports decentralised generation and look after affected communities.”