NSW to announce $750 million support for “clean industrial revolution”

The NSW government will announce a $750 million program to run over the decade, aimed at cutting the state’s greenhouse gas emissions by a third.

According to reports on the decarbonisation push, to be launched today, $380 million is budgeted to support existing industries in reducing their emissions, $175 million to grow new low-carbon industries — such as hydrogen — and $195 million for R&D on new green technology.

“Almost 30 per cent of our state’s carbon emissions are created by our top 55 industrial facilities, which are critical contributors to the NSW economy,” the ABC quotes state environment minister Matt Kean as saying.

Kean said he hoped the program would foster a “clean industrial revolution” in NSW. and that achieving a goal of net-zero emissions by 2050 “must get there in a way that grows the economy”.

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