Opened the debate
Canavan argued that the net zero commitment made at the Glasgow conference in December 2021 was based on the false premise that major emitters were decarbonising. Canavan claimed that since adopting net zero, electricity and gas prices rose by 40 per cent due to the closure of coal power stations and replacement with costlier renewables. Canavan cited a Page Research Centre report stating new coal-fired power is 35 per cent cheaper than renewable options backed by gas. Canavan asserted that high energy costs have caused the loss of the urea, plastics, and nickel industries, forcing Australia to import fertiliser and threatening over 8000 jobs in smelters and refineries.