Australia should have the cheapest and most reliable electricity in the world. We have world-scale and world-class coal, gas and uranium reserves. Yet our electricity sector no longer reflects that.
Australian Conservatives are open to any form of electricity generation, and will provide legislative certainty for the ongoing use of fossil fuels. We will remove the barriers to building more dams for hydro-power and clear the way for nuclear power as well as a nuclear fuel cycle industry.
Australia should also have the cheapest and most reliable gas supply in the world.
We will support landholders’ rights to allow gas production on their properties, and to a reasonable return for that access and extraction, to help ensure there are sufficient quantities available for our domestic and export markets.
Renewable Energy and Climate Change
Australia produces less than 1.5% of global CO2 emissions. Even if our emissions were reduced to zero, it would make no perceptible difference to the climate.
Ideological obsessions with uneconomic renewable technologies to meet unrealistic emissions targets to prevent 'climate change' have made our energy unreliable and expensive. Targets and subsidies for renewable energy distort the market and disadvantage consumers. Australian Conservatives are open to renewable energy as an option for electricity generation but we oppose taxpayer and cross-subsidies to support it.
Australian Conservatives will scrap all taxpayer and cross-subsidies for electricity generation and allow market forces to determine the best outcomes for Australian consumers and business.