WEBVTT - Danica De Giorgio | 19 September 0:00:01.480 --> 0:00:07.200 Why On Sky News Australia. This is to Nika de Georgio, 0:00:08.800 --> 0:00:11.280 Hello and welcome to the show coming up tonight. Labour 0:00:11.360 --> 0:00:15.320 tries to sell an uncosted emissions reduction target with no 0:00:15.480 --> 0:00:18.760 clue about what it means for your power bills. Plus 0:00:18.800 --> 0:00:21.600 i'll explain why it's time for the coalition to get 0:00:21.640 --> 0:00:25.360 serious and dump net zero, and the debate over a 0:00:25.400 --> 0:00:28.720 big Australia continues. Is it time to close the door 0:00:28.760 --> 0:00:32.640 and say where full? But first tonight, now is the 0:00:32.720 --> 0:00:35.880 time for the coalition to get serious and dump net 0:00:36.000 --> 0:00:40.320 zero by twenty fifty pull out of Paris, set the standard. 0:00:40.720 --> 0:00:45.280 Get us off this magical carpet ride fantasy. Because Labor 0:00:45.400 --> 0:00:49.320 is out there peddling an uncosted twenty thirty five emissions 0:00:49.320 --> 0:00:53.199 reduction target with absolutely no clue what it means for 0:00:53.280 --> 0:00:56.200 your power bills and how much it will cost you. 0:00:56.760 --> 0:01:00.120 And this really sums up where it's energy plan. 0:01:00.320 --> 0:01:03.800 Is that there's no particular advice that flows from that 0:01:03.880 --> 0:01:11.520 about the good There we go, Thank you, I'll be 0:01:11.560 --> 0:01:13.600 on all someone's going to someone's going to jump in 0:01:13.600 --> 0:01:13.959 and hold it. 0:01:14.120 --> 0:01:17.600 There we go, someone hold out it very good? Well, 0:01:17.640 --> 0:01:21.160 there it is the energy plan is quite literally falling over, 0:01:21.840 --> 0:01:24.840 and this fumbling exchange by the Minister in charge is 0:01:24.880 --> 0:01:27.399 all the proof you need about the con we are 0:01:27.440 --> 0:01:30.200 on and how quickly we need to pull the pin. 0:01:31.440 --> 0:01:33.640 Do you have an estimate of projection for when the 0:01:33.720 --> 0:01:35.199 prices will get cheaper? 0:01:35.319 --> 0:01:38.480 Well, i'd put you to the modeling, the AMC model yesterday. 0:01:38.480 --> 0:01:41.560 That's not a political promise, it's a statement of modeling 0:01:41.959 --> 0:01:42.800 by expert agency. 0:01:42.840 --> 0:01:44.640 So is there an idea of when we won't need 0:01:44.680 --> 0:01:46.199 subsidies when that money? 0:01:46.240 --> 0:01:49.440 Well, again, we've already, we've already, we've already made decisions 0:01:49.480 --> 0:01:52.840 about subsidies and they're levels at different points, and that 0:01:52.920 --> 0:01:53.760 work will continue. 0:01:55.480 --> 0:01:58.160 So the minister doesn't know. How about the Prime Minister? 0:01:58.240 --> 0:01:59.360 Does he know what's going on? 0:02:00.520 --> 0:02:04.920 There's modeling is out there. The modeling that you've quoted 0:02:05.600 --> 0:02:06.600 is modeling, which is the. 0:02:06.840 --> 0:02:09.480 Can you guarantee that you will get the policy settings 0:02:09.560 --> 0:02:12.400 right moving forward that prices will one hundred percent fall 0:02:12.440 --> 0:02:14.160 for Australians they're struggling with their bill. 0:02:14.480 --> 0:02:17.959 Well, I can guarantee that the cheapest form of new 0:02:18.080 --> 0:02:22.680 energy is renewables. The cheapest form of new energy is renewables. 0:02:22.800 --> 0:02:28.160 The modeling is that it's not government modeling, it's modeling 0:02:28.160 --> 0:02:31.080 that's been done by the energy market operator. 0:02:32.600 --> 0:02:35.080 So let me get this straight. We have been warned 0:02:35.160 --> 0:02:38.600 time and time again by experts and AEMO that we 0:02:38.639 --> 0:02:41.880 will not breach our emissions reduction targets as it is 0:02:42.240 --> 0:02:46.920 via an experiment of transmission lines, giant wind turbines, green hydrogen, 0:02:47.200 --> 0:02:50.920 solar farms and batteries. Labor has been told it cannot 0:02:50.960 --> 0:02:54.960 even get to forty three percent by twenty thirty. It 0:02:55.080 --> 0:02:58.239 has had some sort of bizarre come to Jesus moment 0:02:58.440 --> 0:03:02.040 and thought to increase it to sixty two to seventy 0:03:02.040 --> 0:03:06.760 percent by twenty thirty five. Make that make sense now? 0:03:06.960 --> 0:03:12.280 This is an economic and environmental disaster. The energy sector 0:03:12.320 --> 0:03:16.280 has become reliant on subsidies taxpayer funded, of course, and 0:03:16.360 --> 0:03:20.040 what happens when those subsidies end. The costs go up. 0:03:20.440 --> 0:03:24.840 It's so diabolical. Labour's former climate advisor, Ross Garno recently 0:03:24.880 --> 0:03:29.600 warned that supersizing subsidies for solar and wind projects won't 0:03:29.680 --> 0:03:33.000 get us to twenty thirty targets and risks blowing a 0:03:33.040 --> 0:03:38.040 hole in the country's budget just to quote by failure. 0:03:38.920 --> 0:03:42.840 Yet Labor comes out yesterday with an uncosted plan, and 0:03:42.960 --> 0:03:46.040 Chris Bowen can't even put a figure on what it 0:03:46.120 --> 0:03:47.800 means for your energy bills. 0:03:49.040 --> 0:03:51.840 When do you expect energy prices will be achieve under 0:03:51.840 --> 0:03:52.240 this plan? 0:03:52.320 --> 0:03:54.840 Well again, you know, Well, you'll have a default market 0:03:54.880 --> 0:03:57.840 offer out in a few months that will reflect how 0:03:57.840 --> 0:04:02.200 the market's going. What will show is continued impact. As 0:04:02.200 --> 0:04:04.720 I said, sixty thousand people have reduced their bills by 0:04:04.800 --> 0:04:07.960 up to ninety percent. That's just in you know, since 0:04:07.960 --> 0:04:08.680 the first of July. 0:04:08.920 --> 0:04:11.160 Do you expect we'll always need to have subsidies in 0:04:11.240 --> 0:04:11.640 order to. 0:04:11.600 --> 0:04:13.360 Have I think I've answered that question. 0:04:15.000 --> 0:04:16.640 And the best bowl and can do his point to 0:04:16.680 --> 0:04:19.760 the modeling, Well, gee, remember the last time Labor told 0:04:19.839 --> 0:04:21.920 us about what the modeling said. 0:04:22.760 --> 0:04:26.440 Reducing power prices by two hundred and seventy five dollars. 0:04:26.120 --> 0:04:28.920 Reducing power prices by two hundred and seventy five dollars. 0:04:28.680 --> 0:04:31.520 By twenty twenty five, two hundred and seventy five dollars 0:04:31.800 --> 0:04:32.440 a year. 0:04:32.279 --> 0:04:35.039 Two hundred and seventy five dollars a year. 0:04:36.560 --> 0:04:39.200 And yet fast forward to after this year's election, that 0:04:39.320 --> 0:04:41.599 modeling that told us our bills would be two hundred 0:04:41.640 --> 0:04:45.120 and seventy five dollars cheaper was suddenly irrelevant. 0:04:46.320 --> 0:04:49.760 It's reputexas modeling, it's reputexas. 0:04:49.000 --> 0:04:50.719 Modeling co ownership of that modeling. 0:04:50.800 --> 0:04:54.640 It's reputexas modeling from that time. It's reputexas modeling based 0:04:54.680 --> 0:04:56.520 upon the circumstances at that time. 0:04:58.080 --> 0:05:01.200 Yeah, it's all bit of con isn't it. Yet? We 0:05:01.240 --> 0:05:05.880 are bending over backwards financially and environmentally, despite omitting one 0:05:05.920 --> 0:05:09.640 percent of global emissions. Why are we the ones doing 0:05:09.640 --> 0:05:12.080 the heavy lifting to save the world from the alleged 0:05:12.279 --> 0:05:16.600 climate change doomsday armageddon? And for what? It's not going 0:05:16.640 --> 0:05:19.200 to stop the rain, it's not going to stop the sun, 0:05:19.800 --> 0:05:22.640 and it's certainly not going to do anything for our bills. 0:05:23.000 --> 0:05:26.120 Yet we are spending like crazy to get there. 0:05:27.360 --> 0:05:30.839 Two billion dollars for the Clean Energy Finance Corporation New 0:05:30.920 --> 0:05:34.159 Net zero five billion dollar fund, one point one billion 0:05:34.160 --> 0:05:38.120 dollars to encourage more production of clean fuels in Australia, 0:05:38.320 --> 0:05:42.000 forty million dollars to accelerate the roll out of curbside 0:05:42.040 --> 0:05:43.600 and fast ev charge. 0:05:43.440 --> 0:05:46.280 Fifty million dollars to support Australis sporting clubs reduce their 0:05:46.320 --> 0:05:49.440 bills and emissions at the same time two billion dollar, 0:05:49.480 --> 0:05:51.920 five billion dollar fund one point one billion dollars forty 0:05:52.040 --> 0:05:53.040 million dollars. 0:05:54.279 --> 0:05:56.719 I'm bliming. It's like a game of the price is right. 0:05:57.279 --> 0:06:00.640 According to the IPA's analysis of budget documents, spending on 0:06:00.720 --> 0:06:03.840 climate change and net zero in the most recent federal 0:06:03.839 --> 0:06:07.880 budget reached around nine billion dollars annually, up from around 0:06:07.960 --> 0:06:13.440 six hundred million a decade earlier, an unbelievable fifteen fold increase. 0:06:13.880 --> 0:06:17.120 A Business Council of Australia report found cutting emissions by 0:06:17.160 --> 0:06:20.479 seventy percent or more would carry a price tag of 0:06:20.560 --> 0:06:25.719 up to five hundred and thirty billion dollars. Yes, Chris 0:06:25.760 --> 0:06:30.640 Bowen is still lying to you. What will the total 0:06:30.640 --> 0:06:33.360 cost of net zero be by twenty fifty, Prime Minister. 0:06:33.080 --> 0:06:36.040 Well, it depends what figures you look for. If you 0:06:36.120 --> 0:06:41.119 look for investment for twenty thirty five, the Business Council 0:06:41.120 --> 0:06:46.640 of Australia saying that the cost will be around about 0:06:46.680 --> 0:06:49.599 four hundred to five hundred billion dollars. If you ask 0:06:49.760 --> 0:06:52.760 for what our policy is, yessay, we announced it an 0:06:52.760 --> 0:06:56.240 additional eight point three billion dollars of investment, meaning our 0:06:56.320 --> 0:06:59.560 total investment is seventy five billion dollars. 0:06:59.320 --> 0:07:01.640 Canion ab Yeah, six hundred billion was the cost of 0:07:01.640 --> 0:07:04.200 Peter Dutton's plan. Yesterday we announced an eight point five 0:07:04.240 --> 0:07:07.000 billion dollar investment that takes total government expenditure to around 0:07:07.000 --> 0:07:08.440 seventy five billion what will be the. 0:07:08.360 --> 0:07:11.920 Total cost of net zero by twenty fifty in. 0:07:11.960 --> 0:07:14.480 Terms of the budget. That's seventy more than seventy five 0:07:14.480 --> 0:07:16.920 billion dollars that we've outlined the total cost of not 0:07:17.000 --> 0:07:20.520 achieving net zero as his outline in the National Risk assessments, 0:07:20.600 --> 0:07:22.560 many times more than that. We've got a bit of 0:07:22.640 --> 0:07:24.040 noise coming in. I think that's a good rap. 0:07:24.160 --> 0:07:29.160 Thanks guys. Noise coming in. That's it. By off, he 0:07:29.240 --> 0:07:32.000 goes press conference over, he's done, he's had enough for 0:07:32.040 --> 0:07:34.680 the day. Doesn't want to answer questions, not serious at all. 0:07:35.040 --> 0:07:37.800 And look, the reality is Labor is doubling down on 0:07:37.840 --> 0:07:40.960 climate targets while we are shutting down coal plants with 0:07:41.000 --> 0:07:43.679 no plan B for energy generation to keep the lights 0:07:43.720 --> 0:07:47.000 on in this country, and the cost will, inevitably, as 0:07:47.000 --> 0:07:49.960 we've been warned, be passed on to us as consumers 0:07:50.120 --> 0:07:53.280 on top of every other cost under this government. The 0:07:53.280 --> 0:07:57.000 Coalition and Susan Lee now have a real opportunity to 0:07:57.120 --> 0:08:01.040 set the standard and put Australia's energy future first. Here 0:08:01.080 --> 0:08:02.040 was Susan Lee today. 0:08:03.240 --> 0:08:07.200 We don't believe in setting targets at all, from opposition 0:08:07.680 --> 0:08:13.040 or from government because the reality is that energy policy 0:08:13.480 --> 0:08:16.880 is not about a target that is never going to 0:08:16.880 --> 0:08:17.400 be reached. 0:08:19.120 --> 0:08:21.720 Now, within minutes of that press conference ending her office 0:08:21.760 --> 0:08:25.640 release to clarification saying we don't support setting targets in opposition. 0:08:25.960 --> 0:08:29.280 We do recognize the importance of targets in government when 0:08:29.320 --> 0:08:31.760 we have the full information in front of us. But look, 0:08:31.800 --> 0:08:33.360 I think she should have just stuck to what she 0:08:33.440 --> 0:08:37.240 actually said in that press conference. The fantasy targets are 0:08:37.280 --> 0:08:40.120 never going to be reached and that is coming from 0:08:40.160 --> 0:08:44.360 experts across this country. We need energy that is cheap 0:08:44.400 --> 0:08:47.640 and reliable and not one based on a lie. I mean, 0:08:47.679 --> 0:08:52.280 it's no coincidence countries around the world are dumping net zero, 0:08:52.559 --> 0:08:54.320 So if you want to give voters a choice at 0:08:54.320 --> 0:08:57.680 the ballot box, get rid of it. The majority of 0:08:57.720 --> 0:09:00.640 liberal or national parties across the country have now voted 0:09:00.679 --> 0:09:03.800 to abandon net zero. And bear in mind these branches 0:09:03.840 --> 0:09:07.040 have done this by themselves. They've said enough is enough. 0:09:07.360 --> 0:09:11.240 Staying in Paris is holding the country back. And if 0:09:11.240 --> 0:09:14.840 you want to differentiate from labor, do it today. Start 0:09:14.880 --> 0:09:19.800 campaigning today against net zero, make a difference, build a platform, 0:09:20.240 --> 0:09:23.360 and gee, get us off this costly fantasy as soon 0:09:23.440 --> 0:09:33.640 as possible. Let's go straight to Shadow Cabinet Secretary Andrew Wallace. Now, Andrew, 0:09:33.640 --> 0:09:35.680 good to see you. What do you make of the 0:09:35.720 --> 0:09:38.080 Prime Minister and Chris Bowen out there today with all 0:09:38.080 --> 0:09:41.280 these tricky figures, all the while actually avoiding the elephant 0:09:41.320 --> 0:09:44.319 in the room one what will this cost us? And two? 0:09:44.400 --> 0:09:46.800 How much will our power bills come down under this 0:09:46.880 --> 0:09:48.199 twenty thirty five target? 0:09:50.960 --> 0:09:53.280 Well, Tanika, you'll have to excuse me for the big 0:09:53.320 --> 0:09:55.960 smile on my face, but I can just see Chris 0:09:56.040 --> 0:09:58.280 Bowen saying, oh, you're not going to get me on 0:09:58.280 --> 0:09:59.920 that one again. And I'm not going to talk about 0:10:00.440 --> 0:10:03.479 how the policies are going to reduce power prices. 0:10:05.360 --> 0:10:06.560 Ninety seven times. 0:10:06.640 --> 0:10:09.160 They told Australians in the lead up to the twenty 0:10:09.160 --> 0:10:10.880 two election that they were going to see a two 0:10:10.960 --> 0:10:13.720 hundred and seventy five dollars price reduction in their power prices, 0:10:13.920 --> 0:10:18.560 and we're paying thirteen hundred dollars more so, he wasn't 0:10:18.600 --> 0:10:20.760 going to have his little feet on the sticky paper. 0:10:20.800 --> 0:10:22.439 I can assure you of that. 0:10:22.840 --> 0:10:24.040 But look. 0:10:25.720 --> 0:10:28.480 What happened over the last couple of days. What happened 0:10:28.559 --> 0:10:34.440 yesterday we saw an uncosted basically a fantasy on the 0:10:34.480 --> 0:10:39.000 part of the Labor Party. You know they have emissions 0:10:39.480 --> 0:10:44.920 reduction has not altered one bit. They have flatlined since 0:10:44.960 --> 0:10:48.360 the coalition lost government. So the government has been spending 0:10:48.440 --> 0:10:52.040 billions and billions and billions of dollars and they haven't 0:10:52.320 --> 0:10:56.079 altered the dial. That is the reality. And Australians are 0:10:56.120 --> 0:10:59.440 paying through the nose for power while fat cats, fat 0:10:59.480 --> 0:11:01.920 cats and multinationals are getting richer. 0:11:04.040 --> 0:11:06.360 No. Look, you're absolutely correct, and you're right. The minister 0:11:06.400 --> 0:11:08.319 in charge today I didn't want to answer the questions. 0:11:08.360 --> 0:11:11.240 He heard a noise apparently and even scurried off. I mean, 0:11:11.240 --> 0:11:14.960 that's how much he cares about the energy future in 0:11:15.000 --> 0:11:17.560 this country and all the while we're going broken backwards 0:11:17.600 --> 0:11:19.679 because of it. Look, I just want to ask you 0:11:19.720 --> 0:11:22.520 about the Prime Minister's failure to secure a treaty with 0:11:22.559 --> 0:11:25.680 Papua New Guinea. This comes after China has urged p 0:11:25.760 --> 0:11:28.240 and G not to sign any bilateral treaty that quote 0:11:28.280 --> 0:11:31.360 prevents a sovereign country from cooperating with a third party. 0:11:31.720 --> 0:11:34.960 But Andrew, this was the second Pacific security agreement with 0:11:35.040 --> 0:11:38.160 Australia to have collapsed. While the Prime Minister spent the 0:11:38.200 --> 0:11:41.240 last week over there, could anything have been done in 0:11:41.280 --> 0:11:45.439 your view to actually have gotten these agreements over the line. 0:11:45.520 --> 0:11:46.600 Could more have been done? 0:11:49.280 --> 0:11:53.200 Well, Look, the Coalition absolutely support these types of bilateral 0:11:53.320 --> 0:11:59.120 security arrangements between Australia and our Pacific island friends. You know, 0:11:59.440 --> 0:12:03.400 we want to these arrangements and agreements succeed. But the 0:12:03.440 --> 0:12:06.960 reality is the government there's spin units were out there 0:12:07.000 --> 0:12:11.280 talking about how the defense arrangement between Australia and Papua 0:12:11.360 --> 0:12:14.920 New Guinea this week was done and dusted and it 0:12:14.960 --> 0:12:16.360 was great. It was going to be signed off by 0:12:16.440 --> 0:12:20.000 the Prime Minister. Last week it was a similar security 0:12:20.080 --> 0:12:23.720 arrangement with Australia and van Uatu worth five hundred million dollars. 0:12:23.880 --> 0:12:27.480 The problem is they hadn't actually been signed yet. Now, 0:12:27.520 --> 0:12:30.800 anybody who has been in business would know that you 0:12:30.840 --> 0:12:34.079 don't spook about something until the deal is done, until 0:12:34.120 --> 0:12:39.280 the ink has dried, And the Labor Party have demonstrated 0:12:39.360 --> 0:12:42.520 once again that they all talk and no action in 0:12:42.600 --> 0:12:45.920 relation to foreign policy. Now, can you imagine what Penny 0:12:45.960 --> 0:12:49.040 Wong would have said, what the Prime Minister Anthony Albanezi, 0:12:49.080 --> 0:12:50.880 what he would have said if the shoe was on 0:12:50.920 --> 0:12:53.160 the other foot, If we had have come out there 0:12:53.160 --> 0:12:57.360 and made these the grandiose announcements and yet come back 0:12:57.400 --> 0:13:01.560 empty handed, we would have had on our face. And 0:13:01.600 --> 0:13:04.160 that's exactly what the Prime Minister in Penning wom have got. 0:13:04.240 --> 0:13:07.880 Now, yeah, you're not wrong. I mean, if the she 0:13:08.120 --> 0:13:09.960 was on the other foot, can you imagine the carry on? 0:13:10.080 --> 0:13:12.280 But yeah, he's gone over there, was meant to sign 0:13:12.320 --> 0:13:15.000 at least two of these deals and has come back 0:13:15.000 --> 0:13:17.839 empty handed. I just find it extraordinary. Andrew, Before we 0:13:17.920 --> 0:13:20.559 go tonight, where are you joining us from? 0:13:22.800 --> 0:13:25.760 I am at the Calandra RSL at the Function Center. 0:13:26.400 --> 0:13:29.000 We are celebrating Fisher's Night of Nights tonight. 0:13:29.080 --> 0:13:30.319 We've got a. 0:13:30.320 --> 0:13:34.960 Sellout crowd, three hundred and thirty local constituents here. We've 0:13:35.000 --> 0:13:37.120 got Chris cob warming up in the background. I don't 0:13:37.120 --> 0:13:39.640 know if you can hear him, and we're going to 0:13:39.640 --> 0:13:44.040 have an absolutely fantastic night celebrating the community of Fisher 0:13:44.240 --> 0:13:48.679 and the great place it is to work, rest and play. 0:13:49.080 --> 0:13:50.680 Oh how good's that? Well, it looks like it's going 0:13:50.720 --> 0:13:53.600 to be a wonderful night ahead. Andrew Wallace, always appreciate 0:13:53.640 --> 0:13:55.920 your time. Thanks so much as always for joining me 0:13:56.080 --> 0:13:58.560 on the show. Well, I want to return now to 0:13:58.840 --> 0:14:01.120 that con that is l it was twenty thirty five 0:14:01.200 --> 0:14:05.000 emissions reduction targets. Joining me is Adam Morrison, the Energy 0:14:05.040 --> 0:14:08.520 program director at the Center for Independent Studies Aidan, good 0:14:08.520 --> 0:14:10.600 to see you, thanks for joining me. I just want 0:14:10.600 --> 0:14:13.760 to remind our viewers of what the Energy Minister and 0:14:13.800 --> 0:14:16.360 the Prime Minister said today when they were asked when 0:14:16.679 --> 0:14:18.600 prices will be cheaper under this plan. 0:14:18.640 --> 0:14:22.360 Have a listen, Well, i'd point you to the modeling, 0:14:22.480 --> 0:14:25.320 the AAMC modeling YESTERA, that's not a political promise, it's 0:14:25.360 --> 0:14:28.320 a statement of modeling by expert agencies. 0:14:28.760 --> 0:14:32.880 Well, there's modeling is out there. The modeling that you've 0:14:32.960 --> 0:14:35.200 quoted is modeling, which is there. 0:14:37.120 --> 0:14:39.360 Aiden, So the Prime Minister and the Minister don't know 0:14:39.400 --> 0:14:42.080 when power prices will be cheaper under the twenty thirty 0:14:42.120 --> 0:14:45.480 five fantasy. Therefore none of us actually know what it means. 0:14:45.640 --> 0:14:48.480 But they keep referring to the modeling. What does the 0:14:48.480 --> 0:14:50.000 modeling actually tell us. 0:14:53.040 --> 0:14:57.600 That particular document they're referring to, the aemc's latest Residential 0:14:57.640 --> 0:15:01.720 Retail Electricity Price Trends are p that. Actually it is 0:15:01.800 --> 0:15:03.960 one of the most odd and bizarre and I think 0:15:04.000 --> 0:15:07.880 it has been now politicized documents because the AMC used 0:15:07.920 --> 0:15:09.960 to do the Market Commission used to do excellent work 0:15:10.480 --> 0:15:12.680 doing that retail price trends report. They had a proper 0:15:12.800 --> 0:15:15.560 terms of reference and it was anchored in an actual year, 0:15:15.840 --> 0:15:18.240 and it was forward projected with all the components. But 0:15:18.360 --> 0:15:20.480 now it just stopped. As soon as the Labor government 0:15:20.520 --> 0:15:22.840 took office. It was stopped. The Ukraine War was the excuse, 0:15:23.200 --> 0:15:24.880 and then they kept that excuse running from of the 0:15:24.960 --> 0:15:26.760 year in twenty twenty three and they didn't produce it, 0:15:26.920 --> 0:15:29.640 and then just in time for the election late last year, 0:15:29.800 --> 0:15:32.600 they did produce it in an entirely different format that 0:15:32.720 --> 0:15:35.280 had no resemblance to the actual terms of reference. And 0:15:35.360 --> 0:15:38.120 they've just been able to basically say, repeat all the 0:15:38.240 --> 0:15:41.840 crazy assumptions in their policies, like that consumers will buy 0:15:42.480 --> 0:15:44.520 hundreds of billions of dollars worth of equipment and then 0:15:44.560 --> 0:15:47.000 give them back freely to the grid, and assuming all 0:15:47.000 --> 0:15:50.760 those unrealistic things, including hydro bidding in at a tenth 0:15:50.840 --> 0:15:52.400 the cost they generally bid into the grid. 0:15:52.560 --> 0:15:53.280 They've been able to. 0:15:53.200 --> 0:15:56.520 Produce a tiny reduction from a price that's now higher 0:15:56.560 --> 0:15:58.480 than what it was when that plan was that when 0:15:58.520 --> 0:16:02.080 that report was last written. So it's an absolutely absurd, 0:16:02.480 --> 0:16:05.920 absurd and I think, frankly, very politicized piece of work 0:16:05.920 --> 0:16:08.280 that the muck Commissioner has produced there. And so I'm 0:16:08.280 --> 0:16:09.920 really interested to see them drawing attention to it, because 0:16:09.920 --> 0:16:12.480 we should lookt that document very fairly and squarely, and 0:16:12.520 --> 0:16:15.480 it has been absolutely wroughted and rigged to produce a 0:16:15.640 --> 0:16:18.160 thin slither of a price reduction that we all know 0:16:18.320 --> 0:16:21.960 is completely impossible because it assumes all their fantasy assumptions 0:16:22.000 --> 0:16:25.120 come true. So if that's all they've got, they've got nothing. 0:16:26.680 --> 0:16:28.920 Yeah, and this is a fantasy. And you mentioned hydrogen, 0:16:29.120 --> 0:16:31.120 And it was only this week that Chris Bowen said 0:16:31.120 --> 0:16:33.840 that green hydrogen would be a niche, a niche power 0:16:33.840 --> 0:16:36.360 player in our overall aim to get to net zero. 0:16:36.400 --> 0:16:37.840 I mean, what happened with that? That's going to be 0:16:37.920 --> 0:16:39.840 that the big star of the show. It's just been 0:16:39.840 --> 0:16:43.320 a con from the beginning. But this plan released yesterday, 0:16:43.600 --> 0:16:47.760 aiden it's uncosted. Chris Bowen claimed today that total government 0:16:47.840 --> 0:16:51.120 expenditure for net zero is seventy five billion dollars. Do 0:16:51.200 --> 0:16:53.640 you think that that figure is correct? 0:16:56.040 --> 0:16:58.360 Look, this is a totally new number. I can't see 0:16:58.400 --> 0:17:01.840 that in any official documents, so it's just something plucked 0:17:01.840 --> 0:17:03.480 out of the air so far as I can tell, 0:17:03.560 --> 0:17:05.680 unless they can point to some other sources. So I 0:17:05.720 --> 0:17:07.879 don't know why we would take it seriously it is. 0:17:08.000 --> 0:17:10.959 I mean for government direct expenditure, it's still a lot 0:17:11.000 --> 0:17:13.200 of money. We shouldn't be cheering that on, I don't think. 0:17:13.240 --> 0:17:15.840 But they've judged so badly and so poorly what this 0:17:15.880 --> 0:17:17.639 would cost in the past. There was never meant to 0:17:17.680 --> 0:17:22.320 be under their original Powering Australia plan. Whatever it takes subsidies, 0:17:22.320 --> 0:17:24.560 which is what we now have to build renewable energy. 0:17:24.720 --> 0:17:27.640 There are no projects moving forward without whatever it takes 0:17:27.680 --> 0:17:31.640 subsidies being signed individually, and Chris Bowen is the individual 0:17:31.680 --> 0:17:33.600 who signs off on each one of those. We never 0:17:33.600 --> 0:17:34.960 get to know what the price is and the cost 0:17:35.040 --> 0:17:37.959 for is for each project, so I take it very 0:17:38.000 --> 0:17:40.040 lightly those numbers. It's a large number. We shouldn't be 0:17:40.080 --> 0:17:42.120 cheering about it, but I can't see where it comes 0:17:42.119 --> 0:17:42.560 from at all. 0:17:44.280 --> 0:17:47.000 Yeah, it's been plucked out of the never never clearly, 0:17:47.200 --> 0:17:48.800 and I've got to say, you know, we're spending so 0:17:48.920 --> 0:17:51.600 much money as it is. I had a laugh today 0:17:51.600 --> 0:17:55.240 Aid and Chris Bowen recruited cricket captain Pat Cummins for 0:17:55.240 --> 0:17:58.199 a fifty million dollar funding announcement over four years to 0:17:58.240 --> 0:18:02.640 help five hundred sporting clubs tackle climate action. Yet how 0:18:02.680 --> 0:18:06.120 many cricket clubs around the country actually utilize solar panels? 0:18:06.119 --> 0:18:10.680 Have a listen? Yeah, I reckon it's probably be low 0:18:10.760 --> 0:18:16.280 ten percent, well aiden below ten percent for a fifty 0:18:16.640 --> 0:18:22.240 million dollar investment. How financially reckless is this race to renewables. 0:18:25.200 --> 0:18:27.200 Look, I think what we're seeing here is the adoption 0:18:27.280 --> 0:18:30.719 of Darryl Kerrigan economics, where it's all about the vibe 0:18:30.880 --> 0:18:34.000 really and there's no substantial analysis about whether this is 0:18:34.000 --> 0:18:35.879 the right thing to be done or the cost is 0:18:35.880 --> 0:18:38.120 going to pay off. And we're seeing that repeated over 0:18:38.160 --> 0:18:42.040 and over again. Where again you mentioned hydrogen. The CSIRO's 0:18:42.119 --> 0:18:45.359 modeling that got released just late last night actually shows 0:18:45.359 --> 0:18:47.199 that we do depend on green hydrogen to be a 0:18:47.280 --> 0:18:49.040 very large share and they've made it very clear that 0:18:49.040 --> 0:18:50.960 they assume all that's going to start working again. So 0:18:51.000 --> 0:18:53.639 there's a huge contradiction there between that niche statement and 0:18:53.720 --> 0:18:57.240 the CSIRO today basically assuming for their modeling that supports 0:18:57.240 --> 0:18:59.320 that announcement that all that is going to start working 0:18:59.359 --> 0:19:03.400 again suddenly. So it's just a completely unhinged attached from reality. 0:19:03.640 --> 0:19:06.840 There's an complete credibility gap now opening up in all 0:19:06.840 --> 0:19:07.480 these claims. 0:19:09.160 --> 0:19:12.639 Yeah now is you know they're recruiting cricket captain Cricket 0:19:12.640 --> 0:19:15.560 Australia to try and sell the con further seriously and 0:19:15.640 --> 0:19:17.800 meanwhile our power price as they're still going in the 0:19:17.800 --> 0:19:20.960 wrong direction, and that is key to this argument. Adam Morrison, 0:19:21.040 --> 0:19:22.760 good to see you. Thank you so much for joining 0:19:22.760 --> 0:19:25.119 me on the show. We're coming up after the break. 0:19:25.119 --> 0:19:27.359 We'll get stuck into the big Australia debate with my 0:19:27.440 --> 0:19:30.879 panel plus Victorian taxpayers hit with a big bill to 0:19:30.920 --> 0:19:39.159 cover policing at pro Palestine protests. That's next. Welcome back. Well, 0:19:39.160 --> 0:19:41.800 we've spoken a lot about mass migration in the last 0:19:41.800 --> 0:19:45.080 few weeks, particularly after the March Is for Australia, where 0:19:45.119 --> 0:19:48.439 every day Aussies were tarnished with the racist brush just 0:19:48.440 --> 0:19:50.840 because a small group of neo Nazis rocked up to 0:19:50.880 --> 0:19:53.840 the events. And this is the problem. When you raise 0:19:53.880 --> 0:19:56.760 the issue, you were labeled as some sort of far 0:19:56.960 --> 0:20:00.560 right wing nutcase when the facts and the truth are 0:20:00.600 --> 0:20:03.040 right in front of our faces. And I want to 0:20:03.040 --> 0:20:05.680 point out how captured the left wing media are when 0:20:05.680 --> 0:20:08.439 it comes to this issue. This week, the editor of 0:20:08.440 --> 0:20:12.320 the Sydney Morning Herald, Bevin Shields pender note titled talking 0:20:12.359 --> 0:20:17.119 about immigration is uncomfortable but essential Now he says it. 0:20:17.440 --> 0:20:19.679 He's right there in what he says. We need to 0:20:19.680 --> 0:20:22.320 have a conversation. It was not front and center at 0:20:22.359 --> 0:20:25.280 the last election, and it's always an issue that brings 0:20:25.359 --> 0:20:28.800 up the R word racism. I mean, look what happened 0:20:28.800 --> 0:20:32.520 to justinto nampajimp Price. She made comments about Indian migrants, 0:20:32.560 --> 0:20:37.520 which sure was sloppy, but raise an important issue. Labor 0:20:37.520 --> 0:20:41.040 claimed racism and the Liberal Party went into panic mode. 0:20:41.320 --> 0:20:44.879 We just cannot seem to have a civilized debate. But 0:20:44.960 --> 0:20:49.040 in his September twelve email to subscribers, BEVN. Shields said, quote, 0:20:49.320 --> 0:20:54.199 migration has been and continues to be undoubtedly good for Australia. 0:20:54.520 --> 0:20:59.000 We are a culturally and financially richer country for it. Well, 0:20:59.080 --> 0:21:02.680 let's unpack this. In my opinion, I believe that migration 0:21:02.840 --> 0:21:06.800 in recent years has failed in Australia. In fact, I 0:21:06.800 --> 0:21:11.120 would say multiculturalism itself has failed. And it's not always 0:21:11.119 --> 0:21:14.520 been like this. We are a multicultural nation. The majority 0:21:14.560 --> 0:21:16.919 of us come from migrant families. I come from a 0:21:16.960 --> 0:21:19.960 migrant family, So I'm not sitting here today being a hypocrite. 0:21:20.720 --> 0:21:23.480 But that ship has sailed that we are a migrant 0:21:23.600 --> 0:21:28.440 rich culture. Why well, firstly, we have allowed people into 0:21:28.480 --> 0:21:33.600 this country some whose values are incompatible with a Western democracy, 0:21:34.040 --> 0:21:36.720 and based on what we have witnessed here since October seven, 0:21:36.840 --> 0:21:40.480 twenty twenty three, the complete fraying of our social fibers, 0:21:40.920 --> 0:21:44.280