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And it's working. Since 2001 the Renewable Energy Target has generated some 24,000 jobs and $20 billion of investment. It has enabled Australia to develop skills and expertise in one of the world's key growth industries. It has made our electricity system more diverse and resilient by reducing our reliance on coal and gas. Over a million households have seized the opportunity to go solar and many more will follow.
If the Renewable Energy Target was to be weakend or removed it would break 14 years of cross-party support for renewable energy and would threaten the livelihoods of thousands of wind and solar workers. It would also be a kick in the guts for the businesses, large and small, that have invested in renewable energy and hurt the 5 million Australians who have invested in renewables through their superannuation. And, over time, cutting renewable energy will drive up energy prices for every Australian.
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