Labor welcomes release of Project Marinus feasibility report
Source: Media Release - ALP
26 Feb 2019
Labor welcomes the release of the Project Marinus initial feasibility report highlighting the significant opportunities of a second Bass Strait interconnector.
Labor has been a strong supporter not only of a second Bass Strait interconnector, but the pumped hydro and renewable energy investment that it would bring.
Last election we announced we’d support the development of a second interconnector, and if anything, the past three years have made the case for this investment even stronger.
As we transition to more renewable energy, we’ll need significant amounts of energy storage, and Tasmania with its great hydro resources, has a central role to play in providing that storage.
That’s why a Labor government will commit to $56 million to progress the second Tasmanian interconnector, and we’ll also consult with stakeholders and experts in the region and around the country about what will be needed to get the new interconnector built, not just studied.
The potential for well-paid advanced manufacturing jobs, particularly in Northern Tasmania, cannot be understated.
The Liberals must come clean on how they expect renewable energy projects across Tasmania to go ahead without a policy framework that supports renewable investment.
Today’s announcement comes on the same day Scott Morrison has fully embraced Tony Abbott’s failed climate policy – a policy that sees taxpayers footing the bill for big polluters.
Scott Morrison’s chaos on energy policy and determination to bankroll expensive and unnecessary new coal plants threatens billions of dollars of investment and thousands of potential jobs in renewable energy in Tasmania, and undermines the national renewable energy vision of Battery of the Nation.
Today’s feasibility report clearly noted that the second interconnector only stacks up because of Australia’s transition towards renewable energy.
We all know Scott Morrison was the man who walked into Parliament with a lump of coal to mock renewable energy and the need to tackle climate change.
In contrast a Labor Government will drive new investment in renewable energy generation and storage and transform Australia’s energy supply systems – delivering more renewables and cheaper power for all Australians.
The North West and West Coast of Tasmania is set to be a major beneficiary under Labor’s plan to invest in renewable energy, as a designated Renewable Energy Zone.
Labor’s energy policies will mean projects like the Battery of the Nation have the investment certainty they need.
Our plan for more renewable energy will deliver 50 per cent of electricity from renewable energy by 2030, keep power prices lower, and create tens of thousands of jobs in the renewables industry including Tasmania.
Only Labor will deliver a 21st century energy system, with cheaper power bills, more renewables and more jobs for Australians.