Australia state unveils $23 billion energy roadmap in renewables push

Australia’s New South Wales (NSW) state would shift toward renewable energy from coal and aimed to lure A$32 billion ($23.3 billion) of private investment into the sector in the next decade.

Four of its five coal-fired power plants are expected to close in the next 15 years. The plans would create close to 10,000 jobs and aimed to bring 12 GW of wind and solar power and 2 GW of storage, such as pumped hydro, online by 2030. Australia is so far well short of meeting its Paris accord target of cutting carbon emissions by 26 per cent to 28 per cent from 2005 levels by 2030.