, , , ,

QLD bill to boost hydrogen investment

Hydrogen plant

The Queensland (QLD) government has passed legislation that will lead to investment in green hydrogen across the state.

The Gas Supply and Other Legislation (Hydrogen Industry Development) Amendment Bill 2023 is set to unlock an estimated $33 billion in economic activity by 2040.

It also means renewable hydrogen and gases can be piped safely across QLD, with more than 50 hydrogen projects underway across the state, including the Central Queensland Hydrogen Project in Gladstone.

Queensland Energy, Renewables and Hydrogen Minister Mick de Brenni said the new legislation will help the state reach net zero goals.

“As the next frontier in Queensland’s energy industry, green hydrogen offers the greatest jobs, climate and export opportunity in a generation, and new laws will go a long way to helping our nation reach net zero by 2050,” he said.

“Not only will green hydrogen be a game changer for the transport, heavy haulage, shipping, and aviation industries, which currently account for more than 20 per cent of Australia’s emissions – but it will also unlock a pipeline of new jobs in new industry.

“We’re delivering new regulations to make bottling Queensland’s sun, wind and water to help our international trading partners reach their net zero emissions commitments easier, while maintaining safety for everyone involved.”

Subscribe to Energy Today for the latest project and industry news.

Send this to a friend