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Question and Answer Tracking Details

2284 - RENEWABLE ENERGY ECONOMY

Hornery, Sonia to the Minister for Industry, Resources and Energy

The Australian Energy Regulator's State of the Energy Market 2015 report provides insight into the beginnings of a stagnant fossil fuel economy in the Hunter, NSW, and Australia in general.

  1. With a view to ensuring no job losses or downturns in industry take place in the near future, particularly in the Wallsend electorate, has the Minister reviewed the wealth of literature available from industry analysts and economists on models for a transition to a renewable energy economy?
  2. If so, has this information influenced any policy the Minister intends to introduce?
Answer -

(1) Yes. The NSW Government recognises the vast potential of the Hunter and is committed to supporting the region's continued growth. Through projects supported by the Office of Regional Development, the NSW Government has secured over $537 million in investment in the Hunter region, and attracted over 2,500 jobs, since 2011. Information about regional development in NSW is available at http:⁄⁄www.industry.nsw.gov.au⁄invest-in-nsw⁄regional-op portunities.The NSW Government has also provided funding to support the Hunter Energy Transition Alliance. The Alliance will consult in the Hunter region and seek to identify future jobs and opportunities for new energy investment and skills development. Information about the Hunter Energy Transition Alliance is available via http:⁄⁄www.energyinnovation.net.au⁄projects⁄energy-trans ition-alliance-for-the-hunter-valley.

(2) The NSW Government remains committed to a reliable, affordable and clean energy future for NSW. The NSW Renewable Energy Action Plan has been in place since 2013, with 12 of the 24 actions already completed.

In 2014 the renewable energy sector supported 14,800 jobs in NSW, and in 2014⁄15 three large-scale generation projects were completed, totalling 380 megawatts of capacity. The share of electricity generation from solar, wind and bioenergy sources in NSW has more than doubled over the past four years.

Information about the NSW Renewable Energy Action Plan is available via http:⁄⁄www.resourcesandenergy.nsw.gov.au⁄energy-consumers̺ 0;sustainable-energy⁄renewable-energy-action-plan.

Question asked on 17 February 2016 (session 56-1) and printed in Questions & Answers Paper No. 49
Answer received on 23 March 2016 and printed in Questions & Answers Paper No. 62

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