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Renew Economy:

The NSW Coalition government has dramatically increased its emissions reduction targets for 2030, setting a new goal of a 50 cut from 2005 levels as part of plans to be a “renewable energy superpower” and attract more than $37 billion in clean energy investment by the end of the decade.

The new 50 per cent reduction target is a significant improvement on the previous target of a 35 per cent cut. And the fact that it comes from the state with the biggest economy and the biggest coal fleet in the country, and has the support of the Nationals, put intense pressure on their federal colleagues to do the same.

NSW premier Gladys Berejiklian said the new target is about economic growth, creating jobs, reducing costs, and helping the environment.

“Our Net Zero Plan is expected to attract more than $37 billion in private sector investment into NSW, support more than 9,000 jobs, save households about $130 on their electricity bills and help NSW become Australia’s first trillion-dollar state by 2030,” Berejiklian said in a statement.

“This is about putting the policies in place to give industry and investors certainty, not only to protect our planet but to future-proof our prosperity and way of life.”

The contrast with the federal Coalition could not be more stark. It is torn between climate denialists who want to protect the coal industry, and inner city Liberals urging some small gestures to help preserve their seats in parliament.

[Michael Mazengarb]

More: NSW aims to cut emissions in half by 2030 with $37 billion clean energy surge

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