Resources and critical minerals minister Scott Stewart announced a $4 million commitment to the Queensland hydrogen industry to advance renewable energy and ease the cost of living.
In the announcement, Stewart highlighted the strategic importance of positioning Queensland to capitalise on emerging industries and technologies amid global decarbonisation efforts.
This substantial budget allocation forms part of a broader $90 million injection to bolster Queensland’s resources and natural resources sectors.
The investment has the potential to relieve the burden of living expenses by facilitating access to more affordable power, transportation, and housing opportunities.
Mackay MP, Julieanne Gilbert, emphasised the benefits of such investments in job creation, particularly for Mackay residents.
“The only way we can give people a discount on their power bills is because we own our power assets. By continuing to invest and diversify into new emerging industries, we are also creating more jobs,” said Gilbert.
This strategic investment in the hydrogen industry marks a significant step towards a cleaner future for all Queenslanders.
“Queensland’s reputation for innovation positions us perfectly to pioneer the green hydrogen industry. With abundant sunshine and favourable winds, we have the essential elements to generate the clean electricity required for electrolysis,” said Stewart.
Collaboration with leading researchers and organisations across Australia will underpin the comprehensive study accompanying this investment.
“We will work with leading researchers and organisations across Australia as part of this study, and I’m looking forward to reviewing the results,” Stewart added.
