Part 5/10:
Canavan highlighted a troubling trend: since Australia mandated more renewable energy sources, electricity prices have more than tripled. Using ABS and Australian Bureau of Statistics data, he pointed out the stark correlation between policies promoting renewables and rising consumer costs. This has sparked debate over the economic implications of Australia's energy transition.
In contrast, Canavan reaffirmed that coal remains the most inexpensive energy source. Despite the push for renewables, coal-based energy continues to provide a reliable and cost-effective solution, which raises questions about the long-term sustainability and economic impact of renewable mandates.