---
title: NSW renewable energy scheme backed by Federal government
description: A joint scheme between the Federal and New South Wales governments aims to eliminate predicted energy shortfalls in the electricity network by boosting investment in renewables.
---
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[](https://blog.greenpeace.org.au/the-canopy)
The Canopy is a weekday morning email newsletter provided by the team at Greenpeace Australia Pacific.
# NSW renewable energy scheme backed by Federal government
Friday, 30 June 2023
A joint scheme between the Federal and New South Wales governments aims to eliminate predicted energy shortfalls in the electricity network by boosting investment in renewables such as wind and solar.
The world’s biggest fund manager, BlackRock, has raised more than $500 million from local and offshore co-investors to help fund a giant grid-scale battery project in Australia that would rank as the largest in the southern hemisphere.
Sweden’s parliament has dumped its 100 per cent renewable target amid ongoing concerns about short-term energy security as it looks to join several European nations to build new nuclear plants.
**Top stories:**
[Federal Government backs NSW renewable energy scheme](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.news.com.au%2Ftechnology%2Fenvironment%2Fclimate-change%2Ffederal-government-backs-nsw-renewable-energy-scheme%2Fnews-story%2F239576048cd61d6753ce6faf78d93a20&urlCategories=newsLtd&analytics=false&documentId=9ft95INjKN1FskLAQh0q753EkBI&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5uZXdzLmNvbS5hdSJ9._9eIk96tIPNTjXwzMngn8CFnjBniEWEG71sNjH2GiqhhnqHvoch0hnhg2EgYcYnFoZnfeMpFAgXVacvMtxi1Pg)
The Albanese and Minns governments are joining forces to boost investment in “firmed” renewables such as wind and solar— which are more reliable.
[BlackRock raises $500m to build Australia’s biggest battery](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.smh.com.au%2Fbusiness%2Fcompanies%2Fblackrock-raises-500m-to-build-australia-s-biggest-battery-20230628-p5dk4v.html&urlCategories=newsLtd&analytics=false&documentId=lSxFDFBmqBEdw7OaWpiIGCRPmR8&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5zbWguY29tLmF1In0.dLrErlrnr5ygrw6r9BmLnD1I0aNYVH93_YJo5EofLTHngNTsac5xMwvusd5MeI2-ZEAd-GcYmYdqdbniemYuyQ)
The $US9 trillion ($13 trillion) United States-based investment giant will make the announcement on Thursday, saying the co-funding from institutional investors and the federal government’s green bank will accelerate the development of the Waratah Super Battery in NSW and bring long-term capital to drive Australia’s transition to a low-carbon economy.
[Sweden dumps renewables target as it seeks more nuclear power](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.smh.com.au%2Fworld%2Feurope%2Fsweden-dumps-renewables-target-as-it-seeks-more-nuclear-power-20230629-p5dkae.html&urlCategories=newsLtd&analytics=false&documentId=ZxoBvmtWr24KgG0Cuu5sKWj3i0o&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5zbWguY29tLmF1In0.dLrErlrnr5ygrw6r9BmLnD1I0aNYVH93_YJo5EofLTHngNTsac5xMwvusd5MeI2-ZEAd-GcYmYdqdbniemYuyQ)
The Swedish government has now changed its legislated climate targets to 100 per cent “fossil-free” energy – meaning no coal or gas – by 2040 and carbon-neutral by 2045. It means that nuclear generation can count towards the government’s energy targets.
[Fossil fuel workers can seamlessly transition into offshore wind industry as coal retires](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.heraldsun.com.au%2Fbusiness%2Ffossil-fuel-workers-can-seamlessly-transition-into-offshore-wind-industry-as-coal-retires%2Fnews-story%2Fa69707672b5984b1ebed8e1e7ff52c21&urlCategories=newsLtd&analytics=false&documentId=2I0TQsgEnm5eOWBU7V5rtWVzczc&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5oZXJhbGRzdW4uY29tLmF1In0.tyvzxwnT4YHYtOKwk-QXfhLIB-5fakWVeDsIsFbN-UKoLJR_SD3ZgVClMjrILbZY1pK5qxxShDGuqS6LG4A-kA)
A new report has found many workers currently employed by the fossil fuel industry can switch to jobs in offshore wind, tempering fears about the community impact of energy transition.
[WA parliamentary committee rejects calls for an inquiry into DBCA's prescribed burning program](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2023-06-29%2Finquiry-rejected-for-wa-prescribed-burning-program%2F102537998&urlCategories=newsLtd&analytics=false&documentId=yyc_DtY1AkAiUBbypCmDRjLVKTY&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5hYmMubmV0LmF1In0.G6KfJQf9DTg3BPfDRnL8aNk-KGOfbZc12czKSTcqj9BstN0qGFyj-TGroGNT_097qH1_WRMtfq5v4vGs7BrXgQ)
A WA parliamentary committee has rejected calls for an independent inquiry into the prescribed burning program of the Parks and Wildlife service, after ecologists said the program was having severe impacts on the environment.
[Photographer arrested after protest over logging in endangered swift parrot habitat in Tasmania](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2023-06-29%2Fphotographer-arrested-in-swift-parrot-protest-tasmania%2F102537286&urlCategories=newsLtd&analytics=false&documentId=nEzNi1Kv8YtOZV0PxGlcndgJSok&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5hYmMubmV0LmF1In0.G6KfJQf9DTg3BPfDRnL8aNk-KGOfbZc12czKSTcqj9BstN0qGFyj-TGroGNT_097qH1_WRMtfq5v4vGs7BrXgQ)
Forty years ago this photographer was arrested as part of the massive protests against the flooding of Tasmania's Franklin River. Now he's been arrested again, trying to protect a much smaller treasure.
[Bottled water trucked to remote Ali Curung Aboriginal community as drinking water crisis continues](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2023-06-29%2Fbottled-water-remote-aboriginal-community-ali-curung%2F102528686&urlCategories=newsLtd&analytics=false&documentId=3hBsycKmwe2gJiLbcZ0DvCgBLAk&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5hYmMubmV0LmF1In0.G6KfJQf9DTg3BPfDRnL8aNk-KGOfbZc12czKSTcqj9BstN0qGFyj-TGroGNT_097qH1_WRMtfq5v4vGs7BrXgQ)
The Northern Territory government is trucking bottled water to the remote Aboriginal community of Ali Curung, as a "drinking water crisis" continues across outback Australia.
[Coastal erosion is a problem for Adelaide's beaches — and the tide still hasn't turned](https://app.meltwater.com/mwTransition?url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2023-06-29%2Fadelaide-beaches-remain-susceptible-to-coastal-erosion%2F102535196&urlCategories=newsLtd&analytics=false&documentId=fkjxzxyCnKGbjD3pWZ_P8e38GXg&transitionToken=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzUxMiJ9.eyJob3N0bmFtZSI6Ind3dy5hYmMubmV0LmF1In0.G6KfJQf9DTg3BPfDRnL8aNk-KGOfbZc12czKSTcqj9BstN0qGFyj-TGroGNT_097qH1_WRMtfq5v4vGs7BrXgQ)
Coastal erosion is washing sand away from some of Adelaide's most popular beaches at a rapid pace, with a state government review still months away from completion.
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