Queensland Pledges $26 Billion on Renewables

Queensland Premier Steven Miles will inject a mammoth $26 billion (US$17 billion) worth of taxpayer funds into renewables as part of the federal budget. The premier, who faces an election in October 2024, claims he has no other option but to spend the money in light of the government’s renewable energy targets. The Liberal National Party committed to honouring everything in the budget just two days ago. The renewable energy splurge comes after the left Labor government passed legislation in April locking in 75 percent cut in climate change emissions by 2035 and net zero by 2050. As part of this law, Queensland needs to achieve 50 percent renewable energy by 2030, 70 percent by 2032, and 80 percent by 2035....