The NSW green hydrogen industry is set to boom with the legislation underpinning the NSW Hydrogen Strategy passing Parliament today.
\nPremier Dominic Perrottet said NSW is leading the nation in developing a hydrogen industry, which is projected to attract over $80 billion in private investment, support 10,000 jobs and open up new export markets.
\n\u201cWe are leading the nation when it comes to emerging technologies and seizing the opportunity to attract national and global investment in this future industry to grow our economy,\u201d Mr Perrottet said.
\n\u201cOur hydrogen energy industry will allow us to develop new export markets with our core trading partners, including Japan, creating new jobs in the Hunter and Illawarra, while also helping to secure our energy needs into the future.\u201d
\nTreasurer and Minister for Energy and Environment Matt Kean said the legislation will allow NSW to capitalise on the growing hydrogen export market, with green hydrogen set to become a leading fuel source in the Asia-Pacific by the end of the decade.
\n\u201cOur Hydrogen Strategy is expected to increase the size of our economy by more than $600 million each year, while helping the State to halve emissions by 2030,\u201d Mr Kean said.
\n\u201cHydrogen will help to reduce our carbon emissions in sectors like heavy transport and industry, create jobs and open up new export markets for NSW.\u201d
\nThe NSW Hydrogen Strategy includes:<\/p>\n
The\u00a0Energy Legislation Amendment Bill<\/em>\u00a0also includes reforms to allow renewable energy projects, like wind turbines, in the State\u2019s softwood pine plantation estate. The NSW green hydrogen industry is set to boom with the legislation underpinning the NSW Hydrogen Strategy passing Parliament today. Premier Dominic Perrottet said NSW is leading the nation in developing a hydrogen industry, which is projected to attract over $80 billion in private investment, support 10,000 jobs and open up new export markets. \u201cWe … Continue reading “H2 GO! NSW open for hydrogen investment”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13908","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=13908"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13908\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=13908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=13908"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=13908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cRenewable energy projects will help to create regional jobs, attract investment in the bush and diversify Forestry Corp\u2019s revenue, at the same time as providing sustainable timber supplies for decades to come,\u201d Mr Kean said.
\nAny forestry land used for renewables would be required to be replaced on a two-for-one basis to ensure the harvestable forestry estate continues to expand.
\nMore information on the NSW Hydrogen Strategy is available here:\u00a0https:\/\/bit.ly\/3Fu6rmX<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"