The Gas Supply and Other Legislation (Hydrogen Industry Development) Amendment Bill 2023 will ensure Queensland has the policy settings in place to lead energy export partners, including Japan and South Korea, on their journey to net-zero.
New legislation introduced in Cairns Regional Parliament brings Queensland A step closer to safeguarding the state’s natural wonders and securing new jobs and export potential for Queensland’s booming renewable energy industry.
The Bill will mean Queensland’s construction, operation and safety management of hydrogen projects and other renewable gas pipelines are well established – turning the industry into a powerhouse of opportunity for jobs, climate, and export potential.
Green hydrogen will be a game changer in decarbonising heavy haulage, shipping, aviation and industry, and will also slash emissions, help tackle climate change and safeguard natural tourism wonders for generations to come.
Queensland is already leading the charge in the hydrogen sector, with more than 50 hydrogen projects currently underway across the state, including Stanwell Energy’s mega $12.4 billion Central Queensland Hydrogen Hub at Gladstone Port.
Minister for Energy, Renewables and Hydrogen, Mick de Brenni said, “Queensland is home to unrivalled natural beauty, including the Daintree and the Great Barrier Reef, and it is crucial that we lead the charge in decarbonising energy systems to ensure these wonders are around for generations to come.
“This Bill is the key to unlocking the next frontier in Queensland’s energy exports – supporting up to 10,000 jobs and $33 billion in economic activity by 2040.
“It’s crucial we get this right and ensure the proper framework is applied to the world’s climate challenges head-on, whilst ensuring investor confidence in Queensland’s hydrogen export potential.”
Resources minister Scott Stewart said, “These reforms are one of the key actions in the Queensland Resources Industry Development Plan, a 30-year vision that will lay the foundations to responsibly unlock and realise the potential of our state’s resources into the future,” he said.
“The proposed changes to the Petroleum and Gas (Production and Safety) Act 2004 will position Queensland as a destination of choice for investors looking to be part of the green hydrogen revolution.
“North Queensland will be one of the big winners of these reforms and I’m excited about the good jobs and great opportunities that will be created in the years to come.”