A NSW Government website

Net Zero: a seismic investment opportunity

The ‘Race to Zero’ is on and there is no better time to capitalise on the opportunity to establish and grow your business in Sydney and NSW.

NSW: Australia's Net Zero and Clean Economy Capital

Read the transcript of the 'NSW: Australia's Net Zero and Clean Economy Capital' video

Katie Knight: Interim CEO, Investment NSW New South Wales is in a prime position to become a renewable energy and green technology powerhouse. The net zero economy offers investors a range of opportunities across a number of sectors. We've got the resources, the infrastructure, the skills, and the whole of government programs and strategies that are needed to support our investors in the clean tech economy here in New South Wales.

Katharine Tapley: Head of Sustainable Finance, ANZ I'm really excited about the vibrancy of the community here in New South Wales around net zero, whether it's the corporates, whether it's the finance sector. Obviously, New South Wales as a government is heavily invested. We know that a third of output in Australia comes from the state of New South Wales, so that obviously creates a very thriving center for doing business.

Marika Calfas: CEO, NSW Ports Our ports are critical nodes in the supply chains for New South Wales. They're very well connected geographically, and we have excellent connections, road, rail, and pipeline. Our ports are currently handling cargo's relevant to the green energy transition, but there's opportunities for so much more in the space of hydrogen, onshore and offshore wind, and critical minerals.

Rowena Smith: CEO, Australian Strategic Materials We need to have access to renewable energy for us to be able to produce our materials into the global market at net zero. So for us to be having access to the renewable energy zones that the New South Wales government has been supporting is critical. Our Dubbo Project is going to be developing the rare earth materials that are needed for wind turbines, electric vehicles, and a lot of the advanced technologies that are needed for renewable energy. New South Wales has got a wonderful resource endowment. The opportunity for us is to not just mine that material but actually add value all the way down the supply chain.

Deo Prasad: CEO, NSW Decarbonisation Innovation Hub/Scientia New South Wales is very well placed globally to be a destination for commercialisation of clean energy technologies. We have the supply chains, we have the skill base, and we have the infrastructure. But at the same time, New South Wales has taken the lead in terms of getting the policy settings right that give you certainty Page 2 of 2 and security. New South Wales have the capacity to create new engineers who come well skilled. That will allow us to help companies who establish here with the skill base.

Sam Reynolds: Managing Director, Octopus Australia We've got land-constrained Asian neighbours just off our doorstep, all energy short. I think hydrogen is going to be a key strategy for New South Wales, and I think New South Wales can create itself as a energy superpower. I'm sure with the New South Wales government backing it, it can do that. Seek out Investment New South Wales. There's some great resources and systems that they can help you get on the ground to support your team, to support where your office is, support which government programs you need to tap into.

Katie Knight: Interim CEO, Investment NSW It's not just about serving our needs here in New South Wales, it's about exporting our skills, our resources to meet the global demand for the race to net zero. We've got a complete package for investors across the net zero economy, so we're inviting you all to come grow with us

Our natural resources, integrated infrastructure, skills pipeline, research expertise and supportive policies make NSW one of the best places in the world for renewable energy and clean tech businesses looking to expand in the Asia Pacific.

Hear industry leaders from ANZ, NSW Ports, Australian Strategic Materials (ASM), UNSW and Octopus Investments Australia explain why NSW is primed to become a renewable energy and clean technology global powerhouse.

Translated versions are available in the following languages:

NSW powers Australia’s economic engine and will now apply the same transformational leadership, energy and drive to leading Australia – and the world – in attracting investment and generating jobs in the ‘race to zero’.

NSW’s ambitious target to halve emissions by 2030 and achieve net zero by 2050 is backed by a bold plan to create opportunities for investment in clean-tech, decarbonisation and the net zero economy.

Investment NSW is working with business to open doors to investment, provide support and remove barriers. Together with business, we can grow the economy, create jobs and reduce the cost of living and doing business in the transition to net zero.

Learn more

Why invest in NSW

We are unlocking significant investment growth opportunities and driving transformation across key subsectors that form the backbone of the transition to net zero.

Support for your business

We can help you access funding support to establish or grow your clean-tech business, invest in research and development to solve decarbonisation challenges, or build critical infrastructure.

Case study: Australia’s first lithium-ion battery manufacturer

Energy Renaissance produces climate-optimised lithium-ion batteries for utility and commercial users at their advanced manufacturing facility near Newcastle in NSW

Read the transcript of the 'Race to Net Zero' video

[Amy Brown, Chief Executive Officer, Investment NSW]

Hi, this is Amy Brown from Investment New South Wales. Our New South Wales Government has a bold ambition to help businesses decarbonise in the race to zero.

Investment New South Wales is the connective tissue between business, industry, academia government and our net zero ambitions as we attract businesses to New South Wales and help them on their pathway toward net zero. 

[Emma Peacock, Head of the Net Zero Economy, Investment NSW]

Hi, I'm Emma Peacock, Head of the Net Zero Economy at Investment New South Wales.

We're here to help businesses and investors seize the huge opportunities in New South Wales that our transition to a net zero economy globally presents.

Read the transcript of the 'The CleanTech Opportunity' video

[Music throughout]

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The Cleantech Opportunity

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With an ambitious target to halve emissions by 2030 and achieve net zero by 2050, NSW is leading the race to net zero.

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As Australia's economic engine, a bold plan has been developed to encourage investment in cleantech, decarbonisation and the net zero economy.

The Net Zero Plan, together with the Electricity Infrastructure Roadmap, will result in more than 9000 jobs and up to $37 billion dollars in investment opportunities.

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NSW is focused on 9 net zero investment sectors. Our new hydrogen strategy provides an industry framework and $3 billion dollars of incentives.

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We are well positioned to develop a whole of value chain battery ecosystem.

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Sydney is forging ahead as a leading sustainable finance hub ideally positioned for the decarbonisation funding challenge.

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Through the Electricity Infrastructure Roadmap, we are set to position the state as a renewable energy global superpower.

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Our electric vehicle strategy will help make NSW the easiest place to buy and use an EV in Australia.

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We are transitioning to a circular economy to minimise waste and use and re-use resources efficiently.

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Modernising our manufacturing industry with investment and incentives for cleaner technology and processes.

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Our Net Zero Buildings Initiative commits $4.8 million dollars to further transform the state's built environment.

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We've invested over $29 million dollars in the Primary Industry's Climate Change Research Strategy.

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We are home to leading clean technology businesses and research institutions tackling environmental challenges.

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This all helps make NSW the best place on earth to invest in this rapidly emerging industry.

Find out more about the opportunities NSW can create for you.


NSW Hydrogen Investment Prospectus

Building on NSW’s nation-leading Hydrogen Strategy, Investment NSW has released a Hydrogen Investment Prospectus which highlights the world-class investment opportunities available across the green hydrogen supply chain.

Net Zero Plan Stage 1: 2020-2030

This plan is the foundation for NSW’s action on climate change and goal to reach net zero emissions by 2050. It outlines the NSW Government’s plan to protect our future by growing the economy, creating jobs and reducing emissions over the next decade.