Anthony Albanese

Specifically, the deal will sustain 8 renewable energy projects in the district besides Snowy 2.0 hydropower project in one of the most populated district of Australia. The federal government will be spending A$ 4.7 billion and also NSW will certainly add A$ 3.1 billion through completion of this decade to eliminate the reliance on fossil fuels for power.

Australia's new Labor government has actually increased the nation's 2030 emissions reduction target as it vowed to support the transition to renewables by purchasing transmission infrastructure and also energy storage.

Australia's new head of state, Anthony Albanese, has promised to make the nation a renewables "superpower" following his Labor Party's victory in Saturday's federal election, which ousted predecessor Scott Morrison's conservative coalition.