Regulatory Investment Test for Transmission

Energy (Renewable Transformation and Jobs) Bill 2023

This bill creates the legal foundation for Queensland's transition from coal-fired to renewable electricity generation. It legislates renewable energy targets of 50% by 2030, 70% by 2032, and 80% by 2035, commits to public ownership of energy assets, establishes frameworks to build new transmission infrastructure and Renewable Energy Zones across the state, and creates a $150 million fund to support workers at coal-fired power stations through the transition.