{"id":9635,"date":"2020-12-15T04:10:49","date_gmt":"2020-12-15T04:10:49","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=9635"},"modified":"2020-12-15T04:10:49","modified_gmt":"2020-12-15T04:10:49","slug":"energy-and-emissions-reduction-deal-with-tasmania","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/12\/15\/energy-and-emissions-reduction-deal-with-tasmania\/","title":{"rendered":"Energy and emissions reduction deal with Tasmania"},"content":{"rendered":"
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\nThe Morrison and Gutwein governments have signed a State Energy and Emissions Reduction Deal that will create thousands of jobs and deliver secure, reliable and affordable power to the state and the broader National Electricity Market (NEM).
\nUnder the agreement, the governments will work closely to deliver Battery of the Nation and Marinus Link projects to better connect Tasmania with mainland Australia and the NEM, while improving energy security, keeping prices low and reducing emissions.
\nPrime Minister Scott Morrison said delivering the Marinus Link and Battery of the Nation projects are a key part of the Federal Government\u2019s JobMaker Plan to ensure affordable and reliable energy in the east coast energy grid.
\n\u201cThese two projects will maintain downward pressure on electricity prices, so households can keep more of what they earn,\u201d Prime Minister Morrison said.
\n\u201cThey will also develop the backbone of a reliable, lower emissions National Electricity Market for the next decade and beyond.
\n\u201cThese projects will create 2,800 jobs which will be crucial as Tasmania continues to recover from the COVID-19 pandemic.\u201d
\nMinister for Energy and Emissions Reduction Angus Taylor said this deal with Tasmania demonstrates the Morrison Government\u2019s commitment to ensuring households and businesses in every corner of the country can access affordable and reliable power.
\n\u201cProjects like Marinus Link and Battery of the Nation can help deliver a more reliable energy system, reducing the risk of blackouts and electricity price volatility.
\n\u201cMarinus Link will provide the additional interconnection needed to export the electricity generated by the Battery of the Nation projects to the mainland. In doing so, it will unlock a pipeline of new renewable energy investment, including pumped hydro energy storage.
\n\u201cEnergy projects like this also represent a massive economic opportunity for Australia as we recover from the COVID-19 recession.\u201d
\nPremier Peter Gutwein said the MOU between the State and Federal Governments will underpin our plans to rebuild a stronger Tasmania.
\n\u201cThe MOU will help to further unlock Tasmania\u2019s renewable energy potential, with thousands of jobs and over $7 billion in economic activity set to flow as a result,\u201d the Premier said.
\n\u201cHaving already achieved 100 per cent self-sufficiency in renewables, Tasmania is already punching above its weight in generating low cost, reliable, clean energy for the nation, and this will help us achieve our target to double our renewable generation to 200 per cent of our current needs by 2040.\u201d
\nTasmanian Minister for Energy Guy Barnett said it confirms Tasmania\u2019s reputation as a global leader in renewable energy.
\n\u201cThe anticipated increased energy interconnection between mainland Australia and Tasmania will also improve energy security and help put downward pressure on power prices, while enhancing our growing reputation for renewable energy production.\u201d
\nThe Commonwealth and Tasmanian governments have previously provided a combined $95 million to advance these projects.
\nKey components of the Tasmanian State Energy and Emissions Reduction Deal include:<\/p>\n