Queensland Pledges $2 Billion for Photo voltaic, Wind and Hydrogen Initiatives

Queensland (QLD) Premier Annastacia Palaszczuk has introduced $2 (US$1.5) billion shall be spent on power initiatives as a part of the brand new Queensland Renewable Power and Hydrogen Jobs Fund. The funding is increasing a earlier $500 million Queensland Renewable Power Fund and can go in direction of emissions discount initiatives—a part of a plan to generate 50 p.c of its power from renewable sources by 2030 and obtain net-zero by 2050. “I really consider that there isn’t a different place on the earth as properly positioned as Queensland to steer on hydrogen, essential power minerals and renewables manufacturing,” Palaszczuk mentioned in a press release. Palaszczuk mentioned the funding would come with the event of QLD’s hydrogen infrastructure to cut back emissions within the transport sector—in addition to export the state’s power by producing hydrogen by way of renewable power, which may then be shipped globally. The QLD Authorities had introduced this week that it had secured the positioning for …