Read supporting evidence

  • We are failing to make the most of our competitive advantage in energy, both domestically and in terms of accessing export opportunities.
  • Australia's economy was shaped by access to low-cost energy. We are blessed with natural energy resources.
  • Our energy system is the cornerstone of our economy powering our industries, our cities and our homes. The bulk of electricity is used in Australian businesses to support our competitiveness and to create jobs and prosperity for all Australians.
  • But a decade of uncertainty in energy and climate policy has undermined investor confidence.
  • Electricity prices have more than doubled over the past decade.
  • These failed policies have crystallised the need for a clear and comprehensive policy framework – that integrates energy and climate change - to be implemented at a national level.
  • Companies will only invest in new infrastructure in electricity and other key industries if they can see a stable policy framework, with minimal government intervention, that will endure no matter who is in power.
  • We need to stop picking winners and let the market determine the most efficient, least-cost form of generation.
  • Future production and export capacity is being jeopardised by bans on gas exploration in several states, as well as unnecessarily protracted and cumbersome major project approval processes.
  • Australian exports of energy — mainly coal but increasingly gas — exceed $100 billion a year.