Zali Steggall Statement on expansion of Capacity Investment Scheme

23 November 2023

I welcome the government’s announcement to expand the Capacity Investment Scheme. This is a big policy step that incentivises wind, solar and battery projects that will put Australia on target to reach 82% renewable energy by 2030.

This is sensible economics and is a win for both consumers who will see lower energy prices and investors who will now have more certainty to invest in a renewable energy future.

Building social licence will also be key to the speed of transition, so it is crucial that this progress is not stymied by misleading and deceptive misinformation campaigns and highlights the need for reforms to stop the lies in political advertising