How Australia will stop the climate change crisis
Australian Financial Reviews article Australian Government to use climate change as justification for privatising some public services article Government to privatise some public assets under climate change deal article The Turnbull government is poised to sell some public infrastructure, including some of the country’s largest utilities, under a landmark climate change plan that has been hailed as a breakthrough for Australia’s economy and environmental legacy.
A key part of the plan, expected to be unveiled at a press conference in Canberra on Tuesday, will see some of Australia’s biggest utilities sell their coal-fired power plants to private interests and will include a proposal to privatize the National Electricity Market.
It will be the first time in decades that Australia’s national electricity market has been sold to a private company, and will be a significant boost for Prime Minister Malcolm Turnbull, who has vowed to scrap Labor’s carbon tax and push ahead with the plan despite opposition from environmentalists and some of his own party.
“We’ve got to do something to protect the environment, we’ve got the power, we have the resources, we can do it,” Mr Turnbull said in an interview with ABC television on Sunday.
“It’s a good thing, it’s a great thing.
It will be worth it, because it will be good for the economy and it will give our country a competitive advantage over other countries.”
And we’ve done it, so now we have to do it again.
“The plan, known as the National Energy Market Transformation Plan (NEMPT), will be formally announced on Tuesday and is expected to set out how the Government will privatise the National Electrical Market (NEOM), the national electricity grid and other public assets, such as hospitals, schools and airports.
It has been expected that the privatisation would be one of the most controversial aspects of the package, with opposition from both Labor and the Greens claiming the move will drive up the cost of electricity.”
He said the privatisations would be for a wide range of public services, and the Government had been working on a list of priorities that included public transport, water, health and welfare, education and public transport.””
We need to see how this is done.”
He said the privatisations would be for a wide range of public services, and the Government had been working on a list of priorities that included public transport, water, health and welfare, education and public transport.
“This is a very difficult issue,” Mr Shorten told the program.
“The cost of this is going to be much higher than what we’re asking the Government to pay for, because the prices we’re being asked to pay will be significantly higher than the prices they’re asking us to pay to privatisers.”
Mr Turnbull said the deal would create “a competitive advantage” for private companies.
“I think it will create a very strong competitive advantage for private players, which will give Australia a competitive edge over other places,” he said.
“There’s a lot of investment that has gone into this plan, and I think it’s fair to say that we’ve been a leader in bringing the private sector into the system.”
They’ve been very good stewards of the assets that we have.
“The Opposition has accused the Government of wanting to sell the assets to private investors, and has criticised the decision to sell power plants.”
These are the assets we need to keep the lights on, the health and education and the parks and beaches, and this is a big opportunity for the private company to come in and take advantage of that,” Greens leader Christine Milne said on Monday.”
What we are saying is that this is just another way that the Government is turning our electricity system into a giant money machine.
“Ms Milne claimed the plan was “a giveaway” to private companies, which had not had an “adequate market share” in recent years.”
In the ABC interview, Mr Turnbull stressed that the deal was not about raising the price of electricity, and was about protecting Australia’s environment.””
The fact that we are having a discussion about this now makes us feel more confident about our ability to keep our electricity rates affordable.”
In the ABC interview, Mr Turnbull stressed that the deal was not about raising the price of electricity, and was about protecting Australia’s environment.
“So, if you are going to do this, you’ve got three options: you can either sell the power stations to private players or you can privatise them,” Mr Malcolm Turnbull said.
“The second option is to raise the price to the level that is sustainable, but we’ve found that the level of price that you can get on a competitive basis is the level at which you’re going, if your economy is going down and your economy needs to grow, that is the one you’ve just got to sell.”