Overview

• The government formally abolishes Labor’s 2035 coal shutdown and sets a technical lifespan for state-owned generators to at least 2046, with extensions possible.
• The roadmap launches a $400 million Queensland Energy Investment Fund managed by QIC and creates an investor gateway by year’s end to link private capital with government-owned corporations.
• The plan maps roles for coal, gas, wind, solar, pumped hydro and batteries, includes a new gas-fired plant, and allocates A$1.6 billion to maintain existing coal, gas and hydro assets.
• The LNP keeps a net‑zero‑by‑2050 pledge, reviews the 75% by 2035 target, and moves to repeal legislated renewable targets pending parliamentary action.
• Conservation groups warn of higher bills and reliability risks as Coal Australia welcomes the shift, and analysts say the strategy pressures federal 2030–2035 emissions goals and Australia’s climate standing ahead of COP31.