Dominic Perrottet has signed off on Australia’s largest hydrogen strategy in his first major cabinet decision as Premier, in a move that will see green hydrogen jobs in NSW outstrip those in the coal industry by 2050.
The NSW government will on Wednesday release the strategy, which it says will set up the state as a “global hydrogen superpower” and grow the NSW economy by more than $600 million by 2030.
NSW Premier Dominic Perrottet has backed green hydrogen to boost the economy and help reduce carbon emissions.CREDIT:DOMINIC LORRIMER
NSW says it will lead the country in providing up to $3 billion in grants and waiving fees and charges for producers, making the state one of the cheapest regions to produce green hydrogen in the world.
The government expects NSW to attract between $80 billion and $270 billion of private investment in the hydrogen industry, which will largely flow to coal-dependent communities in the Illawarra and the Hunter regions.