The Queensland budget for 2024 introduced key initiatives and funding measures to support the resources sector's energy transition, including critical minerals, hydrogen, and gas. The state emphasized supplementing existing programs and implementing policy reforms covering financial provisioning, hydrogen transportation, carbon capture and storage, and royalties. Despite the upcoming election year, these commitments are expected to persist regardless of the election outcome. The budget allocated additional funds for critical minerals initiatives like the Collaboration Exploration Initiative and the Queensland Resources Common User Facility in Townsville, aimed at enhancing production processes for minerals like vanadium, cobalt, and rare earths. The financial provisioning reforms proposed the introduction of a 'moderate/high' risk category to streamline contributions and surety requirements for proponents. The ongoing support for projects in the North West Queensland minerals province, coupled with investments in electricity generation and transmission, indicates Queensland's focus on future power needs. While no new funds were allocated to the Queensland Critical Minerals and Battery Technology Fund, existing projects like the sapphire glass and tungsten facilities continue to receive backing. These initiatives reflect Queensland's commitment to fostering innovation and growth in the energy transition sector.