Opened the debate
Cadell argued that the government's energy policy was failing on both economic and environmental fronts. Cadell cited a 23.6 per cent annual rise in electricity costs and warned that the Tomago aluminium smelter faced viability issues beyond 2028, threatening thousands of jobs. Cadell claimed that $9 billion in subsidies had resulted in no significant emissions reduction since 2022. Cadell suggested that a targeted emissions reduction fund would achieve abatement goals for a fraction of the current cost, contrasting this with estimates that the broader energy transition could cost the economy up to $9 trillion.