Prior to the passage of the carbon tax, the amount of renewable (or as the government likes to describe it 'clean') energy that would be generated by our nation by 2020 was 50 terawatt hours, according to a report for the government by SKM MMA.  

Yesterday, the Senate passed over 1000 pages worth of law, titled the Clean Energy bills. On the passage of these clean energy bills, the amount of clean energy generated in Australia by 2020 will be 50 terawatt hours.

That's right it is exactly the same amount. The clean energy bills will encourage exactly zero additional supply of electricity generation from clean energy sources.

So, now not only do you have the pleasure of being poorer, noting that it will have exactly zero affect on the climate, you will also have the pleasure of the clean energy bills producing absolutely no additional clean energy by 2020.

I suppose we shouldn't be surprised that a clean energy bill doesn't actually produce any new clean energy. It's like all the democracy that existed in the Democratic Republic of Germany prior to the fall of the Berlin wall, or exists now in the Democratic People's Republic of Korea.

As the consultants SKM MMA put it to the government in their report:

The level of renewable generation by 2020 is significantly higher only for the high price scenario, which suggests that in the absence of the LRET the carbon prices for the low price and core policy cases at that point ($13/t CO2e and $29.5/t CO2Figure 7e respectively) are not high enough to support widespread new entrant renewable generation.