Queensland to relocate away from coal with USD-40.9 bn green plan

Jun 5, 2023 01:21 PM ET
  • The Queensland federal government in Australia launched a draft costs that legislates an 80% renewable resource target by 2035 and sets an objective to transform the state's coal-fired power stations into clean energy hubs.
Queensland to relocate away from coal with USD-40.9 bn green plan

The state's plan, released on Saturday, requires the building and construction of 22 GW of new wind as well as solar parks, along with grid-scale battery as well as pumped hydro storage facilities to support the 2035 objective. Before reaching 80% by that year, the share of renewables is aimed to get to 50% by the end of the decade and 70% by 2032.

With a financial investment of AUD 62 billion (USD 40.9 bn/EUR 38.3 bn), Queensland plans to transform its thermal electric generation sites right into hubs for the manufacturing of green power, develop new transmission lines as well as produce green hydrogen. The regulation envisages the production of unique renewable resource zones as well as federal government agencies looking after energy security as well as job development.

The transformation strategy is anticipated to open 100,000 job settings, according to an independent analysis. Among the significant propositions are 2 deep pumped hydro energy storage projects-- the 5-GW Pioneer-Burdekin west of Mackay as well as the 2-GW Borumba Dam, west of the Sunshine Coast.

"We're placing Queensland on the map as an international leader in renewable resource and also minimizing energy system emissions by 96% by 2040," said Queensland's Deputy Premier Steven Miles.

The draft Energy (Renewable Transformation and also Jobs) Bill 2023 will certainly be open for public comments. Stakeholders as well as neighborhood participants will certainly be able to give comments by June 23.

Queensland, currently Australia's many coal-reliant state, is pursuing a net zero emissions goal by 2050.

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