NSW’s green machine leaves PM’s jalopy for dust

Scott Morrison last year said that most of his cabinet wouldn’t know who Matt Kean was. It’s a shame. They should have paid more attention. Because the NSW Liberal Treasurer and Minister for Energy and Environment has achieved smoothly what the Morrison government is now struggling mightily to do.

This week Kean and Perrottet announced a new “green hydrogen” energy policy that will offer up to $3 billion in incentives which, in turn, are expected to mobilise between $80 billion and $270 billion in private investment in the industry over the next 30 years.“This is a huge market opening up and we would be totally mad if we missed out,” says Kean. “The market is banging down the door to invest in renewables in NSW.

Forrest projects that the green hydrogen sector will generate revenue of about $US12 trillion globally by 2050, making it bigger than any existing industry. For scale, that’d be the same size as the combined annual national economic output of Japan, Germany and Britain today. And it created a political advantage as a result. “The contrast with the federal government could not be more stark,” says Kean, who took over as NSW Treasurer when Perrottet ascended to the premiership two weeks ago.“You’ve got a Liberal minister in a Coalition government embracing the future,” Kean tells me. “In NSW, the Coalition owns the climate and energy agenda – it’s not Labor or the Greens doing the running.

But the Nationals’ Senator Bridget McKenzie, also a minister for various things including regionalisation in the Morrison government, said this week that the promise of jobs in the renewables industry was just a “mirage”. She even quoted the example of a solar farm that employs only five people, most of whom just cut the grass under the solar panels.

In fact, Kean says NSW has moved so far ahead of the federal government that it probably doesn’t matter what Morrison does now. Asked if the national policy were relevant to NSW’s plans if Morrison delivers no change, Kean pauses to think for a moment and replies: “Probably not. They are there to negotiate international agreements and treaties so it would be great if they’re aligned,” but NSW could work around Canberra if necessary.

Where do you charge up your green? How far can you go? How much pollution did it take to create your green? What are you going to do with the battery?

Here’s my opinion… when in total desperation, remind everyone to live in fear.

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