Queensland's $26 Billion Investment in Renewable Energy and Jobs Plan
Key Ideas
  • Queensland Government to invest $26 billion in the Queensland Energy and Jobs Plan over the next four years, with a focus on renewable energy and storage projects.
  • The investment includes funds for building the SuperGrid, network batteries, and Transmission and Training Hubs in Townsville and Gladstone.
  • Renewable energy transition targets include a 75% reduction in emissions and 80% renewable energy by 2035, aiming to create economic opportunities and job growth in Queensland.
  • Minister for Energy highlights the importance of decarbonization to protect traditional industries like smelting and create new industries such as critical minerals, hydrogen, and sustainable aviation fuel.
The Queensland Government has unveiled a $26 billion investment in the Queensland Energy and Jobs Plan over the next four years. The plan, announced by Queensland Premier Steven Miles, sees a significant increase from the previous budget, with $16.5 billion allocated to renewable energy and storage projects. A key component is the $8.5 billion set aside for the SuperGrid, including projects like Copperstring and renewable energy zones. Additionally, $500 million will go towards network batteries and local grid solutions, with $192 million designated for the Transmission and Training Hubs in Townsville and Gladstone. The upcoming financial year will see a capital investment of $8.686 billion. The state's transition to renewables is aligned with ambitious targets of a 75% reduction in emissions and 80% renewable energy by 2035. This move is expected to boost economic growth, create jobs, and drive industry innovation in Queensland. Minister for Energy and Clean Economy Jobs, Mick de Brenni, emphasized the importance of decarbonization in protecting existing industries like smelting while also fostering new sectors such as critical minerals, hydrogen, and sustainable aviation fuel. The focus on renewable energy and clean economy in Queensland's plan signals a positive step towards a sustainable and economically prosperous future for the state.
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