The Greens will today outlined plans for a $15 billion “Made in Australia” Bank and manufacturing fund - bolstering Australia’s capacity to produce components needed for the transition to clean, cheap renewable energy.

Australian Greens Senator for WA Dorinda Cox will today be joined by Greens candidate for O’Connor Giz Watson in Kalgoorlie - a region with endless sunshine and huge potential as a renewable energy superhub.

Greens Leader Adam Bandt will today join solar installers, the Smart Energy Council and Queensland candidate for Ryan Elizabeth Watson-Brown to announce the Greens’ plan for Cheaper and Cleaner Power for Homes and Businesses.

Greens Leader Adam Bandt MP has announced a bold plan to expand and repurpose Snowy Hydro, the Commonwealth owned corporation, to build over 25 GW of wind, solar and energy storage over the next decade, the equivalent to Australia’s current coal generation capacity. The Greens will push for this plan in balance of power after the next election.

The Greens have today warned that the ongoing crisis in the Queensland energy market is a sign of things to come if we continue to rely on an aging coal fleet to keep the grid secure.

It has been reported that the fire at the Callide Power Station left over 470,000 homes and businesses without power, and the market operator was forced to issue a Level 2 Lack of Reserve notice at 4:44pm to manage the risk of further rolling blackouts.

Greens Leader, Adam Bandt, has called out the increasing greenwashing of the government’s gas agenda.

The Greens have emphasised since the proclamation of the ‘gas-led recovery’ that gas is as dirty as coal and that plans such as building new gas plants would lock-in climate failure.

“Morrison’s so-called ‘gas-led recovery’ is a shameful exercise in corporate welfare for yesterday’s technology. 

“Adding as little as 5% hydrogen, which is the target for Energy Australia’s mooted ‘hybrid’ plant, is a comb-over for generators of dangerous greenhouse gas emissions.

Latest power price reports, showing again how renewables are driving down wholesale prices across the National Electricity Market after wholesale prices doubled following the Liberals’ repeal of the carbon price, should encourage the government to drive the transition faster and not prop up coal and gas, Greens Leader Adam Bandt said today.

The Greens will today announce key election policies, including a ‘billionaires tax’ to help fund genuinely free public schools, dental into Medicare and a job for everyone who wants one. 

With the party considering an election in November of this year still a possibility and a minority parliament the most likely outcome, Mr Bandt will push for a tax on billionaires & corporate super profits as part of dealings with a future shared power government.

Greens Leader, Adam Bandt, will introduce a Bill into the House of Representatives that would prevent the government using the Snowy Hydro group to build new gas-fired power stations. The Bill will be seconded by Independent MP, Zali Steggall.

Energy and Emissions Reduction Minister Angus Taylor has given the NSW market until the end of April 2021 to make final investment decisions on 1000 MW of new dispatchable capacity to replace Liddell or he says he will direct Snowy Hydro to invest in a new gas-fired power station in the Hunter.

Greens Leader, Adam Bandt, has responded to Labor’s reported capitulation to the Liberals on coal and gas by saying that with both parties agreeing on increasing new coal and gas exports and Labor having dropped any short-term emissions target, there is currently no difference between the parties on reining in the biggest sources of climate pollution.

“Labor has just agreed with the Liberals on coal and gas,” said Greens Leader, Adam Bandt.

“In a climate emergency, you don’t expand coal and gas developments.

Despite government spin, the electricity market operator’s plan released today shows a future with almost no coal-fired power is coming, Greens climate and energy spokesperson Adam Bandt MP said today.

The supporting data behind the Integrated System Plan, released by the Australian Energy Market Operator today, shows that the National Energy Market could be almost 85% renewable by 2040, with only 7.25 GW of coal power – the equivalent of about 6 large-scale plants – left in Australia by 2040.