The clock is ticking on the Hunter's golden opportunity to reinvent itself as a thriving hydrogen economy, NSW Treasurer Matt Kean believes.
"We need to move quickly and we need to move early otherwise we are going to miss out on the race to build the hydrogen economy, Mr Kean, who was briefed last week on several evolving clean energy projects throughout the region, said.
"We know Japan and South Korea, two of our main coal export markets, have said hydrogen is going to be the fuel that will power their economies in the future.
"I'm not saying shut down the coal industry, far from it. I'm saying keep exporting coal but at the same time recognise those economies that have underwritten our prosperity for generations are shifting the type of products they are after and we are really well placed to provide them. [We need to] make sure we build the renewable energy infrastructure that is going to power the production of hydrogen."