Australia has the opportunity to seize a “once in a generation” opportunity to become a global renewable superpower, after years of stalling by the Coalition government that had worsened the current energy market crisis, prime minister Anthony Albanese has told a major energy forum in Sydney.
Albanese opened the inaugural Sydney Energy Forum on Tuesday, addressing key energy business groups, policymakers and investors from the Asia-Pacific Region.
“The challenge of climate change is also an opportunity going forward that we must seize to become a renewable energy superpower and to support the region’s move to a clean-energy future with secure, reliable and resilient supply chains,” Albanese told the forum.
“This is a once-in-a-generation opportunity, and our government’s policies are designed to seize that opportunity with the determination and resolve that it demands.”
Albanese said investment in new clean energy projects in Australia had ‘stalled’ under the Coalition, and this had contributed to the electricity market crisis that has seen consumers slugged with surging energy costs.
“Our government has also inherited a challenging set of circumstances when it comes to climate and energy policy. An electricity network designed for a different century,” Albanese said.
This does not sound like Albanese is leaving any room for nuclear power. As a skilled negotiator he will be weighing up both sides, so we will have to see what comes out of the summit
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