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2h ago

Queensland Extends Coal Power to at Least 2046 in New Energy Roadmap

Critics say the five-year plan will complicate 2035 emissions goals despite government promises of lower bills.

Port workers load a ship with coal at the RG Tanna Coal Terminal located at the town of Gladstone in Queensland, Australia, June 12, 2015. REUTERS/David Gray/File Photo
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Overview

  • The LNP government abolished the 2035 coal phase-out, saying state-owned generators will run until at least 2046 with scope to operate longer if needed.
  • A A$400 million Queensland Energy Investment Fund managed by QIC and a new investor gateway were launched to draw private capital into renewables, storage and gas projects.
  • The roadmap commits A$1.6 billion to maintain coal, gas and hydro assets and proposes building a new gas-fired power plant.
  • Ministers signalled removal of renewable energy targets in policy, with repeal legislation yet to be introduced, while reaffirming net zero by 2050 and keeping the 75% by 2035 emissions target in law.
  • Energy analysts and conservation groups warn the plan makes meeting interim and national targets harder and risks higher bills from ageing coal outages, while coal industry advocates welcomed the jobs and reliability focus.