Renewable Energy Legislation Introduced In Queensland

The Energy (Renewable Transformation and Jobs) Bill 2023 (the Bill) was introduced to Parliament on 24 October 2023.

Snapshot

• If passed, the Bill would:
  • Legislate renewable energy target of 50% in 2030, 70% by 2032, and 80% by 2035;
  • mandate a public ownership strategy targeting 100% ownership of distribution, transmission, and prescribed deep storage assets, and equal to or more than 54% ownership of generation assets by 2035;
  • establish the framework for the declaration and management of renewable energy zones (REZs);
  • provide for the Job Security Guarantee Fund;
  • establish governance arrangements and new advisory bodies.
• The Bill will now be subject to Parliamentary scrutiny and the legislative process