A sign for EV and HYD cars to charge and fuel.

Brief: The Queensland government has backed renewable energy in its 2019-20 budget, allocating $250 million to its new publicly owned electricity generation and trading company CleanCo and $19 million to support hydrogen export facilities.

CleanCo will begin operating and trading in the national electricity market in the next financial year.

The government has allocated $5.4 billion to the Cross River Rail.

Access the budget papers.

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