---
title: Greens propose $40b plan to accelerate renewable transition and eliminate coal
description: The Greens have proposed a $40 billion renationalisation of Australia’s electricity market, including phasing out coal and gas-powered plants by 2030.
---
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The Canopy is a weekday morning email newsletter provided by the team at Greenpeace Australia Pacific.
# Greens propose $40b plan to accelerate renewable transition and eliminate coal
Friday, 18 February 2022
The Greens have proposed a $40 billion renationalisation of Australia’s electricity market, including phasing out coal and gas-powered plants by 2030, recasting Snowy Hydro as renewables-only, and reversing the investment in the Kurri Kurri gas plant.
Angus Taylor has admitted he was kept out of the loop of Origin's decision to close its Eraring coal-fired power station in 2025, seven years ahead of schedule. While Taylor and the Morrison government continue to “play out a strange pantomime” over coal closures, AEMO was quick to make its position clear that NSW would have access to enough electricity once Eraring is gone.
The NSW government has admitted that land clearing has increased threefold over the past decade in its State of the Environment 2021 report, with 6 per cent of vegetation in the state under pressure from too much fire.
[Greens plot $40 billion takeover of electricity sector to eliminate coal by 2030](https://www.abc.net.au/news/2022-02-18/greens-propose-40-billion-takeover-of-electricity-sector/100839296)
The hastening decline of coal-fired power is triggering a rethink of Australia's electricity market, with the Greens proposing a $40 billion renationalisation of the sector.
[The early closure of Australia’s biggest coal plant caught Angus Taylor by surprise – but it shouldn’t have](https://www.theguardian.com/environment/2022/feb/18/on-coal-plant-closures-the-energy-industry-has-learned-to-keep-angus-taylor-out-of-the-loop)
The shift to a grid that runs on renewables is a manageable transformation, but the federal government’s approach still frustrates.
[Land clearing in NSW tripled over past decade, State of the Environment 2021 report reveals](https://www.theguardian.com/australia-news/2022/feb/17/land-clearing-in-nsw-triples-over-past-decade-state-of-the-environment-2021-report-reveals)
EPA analysis paints grim picture for ecosystems under increasing threat from habitat destruction, invasive species and climate crisis.
[British financiers say NT indigenous renewable venture could lure $50 billion](https://www.smh.com.au/environment/climate-change/british-financiers-say-nt-indigenous-renewable-venture-could-lure-50-billion-20220217-p59x5s.html)
British financial services company Octopus Group will partner with Aboriginal communities in northern Australia on plans for renewable energy projects it says could attract investments of as much as A$50 billion over the next decade.
[Fears for ancient Huon pines as fire sweeps through Tasmanian wilderness](https://www.abc.net.au/news/2022-02-17/fears-for-ancient-huon-pines-as-fire-sweeps-tasmanian-wilderness/100840254)
There are concerns a bushfire burning in Tasmania's remote south-west wilderness area could threaten an "irreplaceable global treasure". The area is famous for its ancient Huon pine trees and rugged landscape, ranging from button grass moorlands to eucalypt and rainforests.
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