Exclusive: NSW to turbocharge transition to net-zero greenhouse gas emissions
The NSW government will turbocharge the state’s transition to net zero greenhouse gas emissions by embracing a major new goal of slashing pollution by 70 per cent in a little over a decade., but in the following five years the state is set to make even bigger gains in reductions, said Treasurer Matt Kean, who will on Friday announce the new goal of a 70 per cent reduction by 2035.
“Now’s the time to reduce our reliance on energy sources that can be taken hostage by authoritarian regimes and switch to locally made renewable energy to build a cleaner future and protect our energy security.” In contrast to their federal counterparts, the NSW Nationals backed the new emissions target largely on the basis of the economic benefit to the regions from renewable energy zones.
NSW was one of the first jurisdictions in the world to commit to a target of net zero by 2050 and was recently ranked Australia’s most progressive state on renewable energy in a report by the World Wildlife Foundation.One of the government’s major policies focuses on hydrogen, with a goal to set up the state as a “global hydrogen superpower” and grow the economy by more than $600 million by 2030.
The investment was to speed up the rollout of the renewable energy zones following Origin Energy’s decision to close Australia’s largest coal-burning power station, Eraring, seven years early. It supplies 20 per cent of NSW’s energy. AGL’s Bayswater power plant in the Upper Hunter will also close no later than 2033. It was slated to close in 2035.
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