The portfolio of resources and energy encompasses a wide range of areas: from minerals, mining and exploration (including coal seam gas mining) to investment in renewable and other energies, energy consumers, the energy supply industry and the resources regulator. It includes energy, gas, electricity markets, as well as other energy, resources and mining consumers, landholders and community interests.
NSW has abundant clean energy resources (including solar, wind, wave and geothermal) and is home to world leading centres of clean energy research and development (including in the Hunter, Sydney and the Illawarra). Renewable energy generation by households is a means of reducing power bills, increasing renewable energy supply, and reducing greenhouse emissions.
“NSW Labor believes all communities should have access to reliable affordable energy supplied from increasingly renewable energy sources. NSW Labor’s energy policy is based on two broad principles:
– Energy is a basic commodity and necessity that needs to be exploited efficiently and distributed equitably, while still allowing for appropriate returns to be made to either public or private investors.
– Energy production, distribution and use must be carried out in such a way that ecological and environmental constraints are not compromised.
“NSW Labor recognises the important linkages between climate change and electricity policy. We must pursue greater energy efficiency and cleaner sources of energy. Labor will support the growth of the renewable energy sector in NSW, creating jobs and economic opportunity. Obtaining a greater share of our energy needs from renewable sources is not only better for the environment, but promotes greater energy security and reduced energy costs for industry, businesses and households.” – NSW Labor policy
In his 2017 budget reply speech, NSW Labor leader Luke Foley also committed to a plan for clean and secure energy, including:
• Using proceeds from the transfer of the Snowy Hydro to invest in renewable generation across regional New South Wales.
• Eliminating energy company super profits and re-regulating the electricity market to ensure consumers are treated fairly and to help households and businesses struggling to keep up with the rising cost of living.
• Providing a fair minimum solar tariff – so that households with rooftop solar are paid fairly for the power they generate. We will legislate for the IPART recommended rate to become mandatory.
• Massively increasing solar energy generation on the rooftops of government buildings.
For access to government information and services in the sector, visit http://www.resourcesandenergy.nsw.gov.au/
For annual Resources and Energy statistics published by the Australian Government’s Office of the Chief Economist, visit their website.