The federal government will tip an extra $1.8 billion into climate action over 10 years, with a stronger emphasis on hard-to-abate sectors, hydrogen, transport, energy productivity, soil carbon and CCS.
A NSW Bill extends the lifespan of development consents, empowers the government to overhaul the state's energy efficiency scheme, and establishes an exemption regime for its container deposit program.
An overhauled and rebadged NSW energy efficiency scheme will reward the use of biogas and hydrogen, as well as cuts to peak demand, and will form part of the state's new approach to energy security.
NSW is still committed to net-zero emissions by 2050, but the pandemic has prompted a rethink of how best to get there, according to NSW Energy Minister Matt Kean.
Large businesses will find it easier to earn money by reducing their electricity use at peak times, under new proposals from the energy market rule-maker.