The Clean Economy Jobs Act 2024 is a pivotal piece of legislation for Queensland, with its main purpose being to reduce greenhouse gas emissions by stating clear emissions reduction targets. The Act sets forth three key targets: a 30% reduction below 2005 levels by 2030, a 75% reduction by 2035, and a commitment to net zero emissions by 2050. These targets provide a solid legal and policy framework that signals a long-term commitment to a clean energy future.

The Act also establishes an expert panel, the Clean Economy Expert Panel, to advise the Minister on how to achieve these ambitious targets and identify efficient and cost-effective ways to reduce emissions. This ensures that the state's climate action is informed by independent, expert advice and remains on a credible and practical pathway. It also mandates the development of emissions reduction plans for various sectors of the economy, along with an annual progress statement to track Queensland’s advancement.

In essence, the Clean Economy Jobs Act 2024 complements the Energy (Renewable Transformation and Jobs) Act 2024 by providing the overarching emissions targets that guide the broader energy transition. While the latter focuses on the mechanics of increasing renewable energy generation and building the SuperGrid, this Act provides the legislative drive to ensure that all sectors of the economy are working towards the same, legally-binding goals.

The legislation is a clear statement of intent, designed to provide certainty for businesses, industries, and the community. By embedding these targets in law, Queensland is not only demonstrating its leadership in climate action but also creating a stable investment environment that will attract new industries, create new jobs, and secure a prosperous and sustainable future for the state.

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