Queensland Commits $2bn to Renewables

 

The Queensland state government has announced a $2bn fund to be invested in the renewable energy market. In a major step away from coal and gas, Queensland looks to position itself as a leader in the transition to renewable energy.

Boosting Queensland’s renewable sector

In what’s been described as a watershed moment for the economic development of Queensland, Premier Annastacia Palaszczuk has announced a $2bn commitment to boost renewable jobs. The fund is set to be used to develop a clean hydrogen industry, as well as mining minerals needed for batteries, commercial solar panels and electric vehicles. Palaszczuk described the initiative as creating a self-reinforcing cycle of investment – a job-generating clean energy ecosystem.

Creating jobs

Another huge benefit to the $2bn investment in renewable energy is the range of jobs set to be created. Premier Annastacia Palaszczuk envisions the fund will be used towards mining minerals for batteries and renewables in Queensland. But on top of that, she hopes it will also mean processing the minerals and making batteries in Queensland. It’s a sentiment that state energy minister Mick de Brenni agrees with.

“There is no reason why solar panels, electrolysers, batteries, wind farm components and new technology can’t be manufactured right here in Queensland,” said Mr de Brenni. “This fund will create a pipeline of demand for local manufacturing across the entire value chain, and that means more jobs for Queenslanders.”

In addition to mining and processing minerals and building batteries in Queensland, the Premier wants to see hydrogen electrolysers built locally, as well as a local assembly of wind turbines and solar panels.

A big win for the environment

The Queensland state government has already stated publicly that it wants to reach zero net emissions by 2050, with the more pressing target of reducing 2005 emission levels by 30% by 2030. Some have criticised this short-term goal as not being strong enough, however, the recent investment announcement has many believing that Queensland will lead the way when it comes to climate change.

Jason Lyddieth from the Australian Conservation Foundation praised the move away from coal and gas. “Climate change is a real and serious threat to our way of life, so – as well as boosting renewables capacity – Queensland needs to get out of coal and gas,” he said. “We need a plan to look after the workers, communities and families who will be most affected by the inevitable transition away from fossil fuels.”

Source URL: https://www.accordelectrical.com.au/2021/06/30/queensland-commits-2bn-to-renewables/

Comments

Post a Comment

Popular posts from this blog

Questions solar installers get asked about Residential Solar System

Image
  Going solar has benefitted many homeowners over the years. It is a wondrous investment since you end up saving up to 80% on monthly electricity bills. Using a solar system means promoting a sustainable society.  It is an expensive purchase decision yet people opt for the option because it comes with the promise of a lifetime. So, before making a move on the purchase, it is prudent to do some research. Look at some of the important questions and answers that will ensure to make your decision easy. Try to get answers to these questions from your chosen  solar installers  as well.  Residential Solar System FAQs  Can solar energy meet 100% of the residential power requirements?  The answer is yes, a well-engineered solar system can generate enough to meet 100% of your home’s power requirement. There are some factors that influence energy generation capacity such as, availability of shadow-free roofs, power consumption, sanctioned load, your state’s policy state. Instances, where your sol
Read more

Maintenance Tips You Don’t Need Solar Sunshine Coast Experts For

Image
  Solar panel systems are your best friends. They come with no terms and conditions and make sure you live happily ever after. From saving on your electricity bill costs to delivering your home power even on the bad weather days are some reasons why individuals and businesses love solar panel systems. These solar systems last for many years with low maintenance. However, to increase its life cycle, a little care can make it last for a much-extended timeline. Regular checkups can significantly save the money that might cost you hefty on repairs down the line. Moreover, regular maintenance also keeps your panels shiny and nice all the time.  There is nothing wrong with being well versed in each solar component so that you can maintain the installed solar panel systems efficiently. If your solar system is racked or installed with roof penetration, it is important that you understand the system. It is easier than you think plus, proves to be beneficial in cases when you want maintenance to
Read more

4 debunked myths about solar panels by solar Sunshine Coast experts

Image
  People are demanding renewable energy sources and it's on a rise these days. The prices of solar panels and solar power essentials are going down, going off-grid is becoming a viable option across Sunshine Coast, especially for the middle class families. Families are searching for ways to save money on expensive electricity bills and also to adapt to a sustainable life. Solar panels are seen as a popular solution that many are searching for. Although this option is readily available to a wider audience, yet people display some sort of skepticism around the topic. Following myths is common across nations, but it is time to overlook them and embrace the idea of environmentally friendly solar energy. These  myths are one of the biggest reasons why the renewable energy benefits get overshadowed. Here, Accord Electrical+Solar debunks some myths about solar panels that’s stopping some to go for solar Sunshine Coast solutions.  Myth #1  Solar panels can severely damage your rooftop  Thi
Read more