The NSW government has released its Net Zero Plan Stage 1: 2020–2030. It is the foundation for NSW’s action on climate change and goal to reach net zero emissions by 2050.
Under the plan, the NSW economy will see over $11.6bn of private investment and 2,400 new jobs.
Energy and Environment Minister Matt Kean says the plan is all about reducing the state’s emissions in ways that grow the economy.
“Where there are technologies that can reduce both our emissions and costs for households and businesses, we want to roll them out across the state,” he says.
“Where these technologies are not yet commercial, we want to invest in their development so they will be available in the decades to come.”
The plan aims to enhance the prosperity and quality of life of the people of NSW, and help the state to deliver a 35 per cent cut in emissions by 2030. It will support a range of initiatives targeting electricity and energy efficiency, electric vehicles, hydrogen, primary industries, coal innovation, organic waste and carbon financing.
Businesses will also be supported to modernise their plant and increase productivity, while farmers will have access to new markets and technologies.
The plan is intended to drive down the cost of living and provide consumers with more information to help them make environmentally and financially sustainable choices.
Kean says NSW already leads the nation with its economic and investment plans and that from today, NSW will lead the nation with its Net Zero Plan.