Queensland budget forecasts coal power revenue will disappear amid influx of renewables
by Ben Smee from Environment | The Guardian on (#5K2S6)
Treasurer Cameron Dick says budget, which boasts $2bn fund to develop clean energy, vindicates state's Covid lockdowns
The Queensland government anticipates its state-owned power generators - mostly coal-fired power stations - will be unable to pay dividends to taxpayers within two years, due to an influx of renewables and lower power prices.
One of the most significant measures in the state's budget, handed down on Tuesday, was a watershed" $2bn fund that would build renewables and further develop industries linked to clean energy.
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