In a strategic move aimed at ensuring long-term economic stability and growth, the NSW Government is setting the stage for the establishment of future jobs and investment authorities in its major coal-producing regions.
Aimed at job creation, worker re-skilling, and advancing economic diversification, these initiatives highlight the state's proactive approach to transitioning from a coal-dependent economy.
On Tuesday, a Roundtable discussion was convened in Cessnock, spearheaded by the Minister for Natural Resources, Courtney Houssos; the Minister for Energy, Penny Sharpe; and the Mayor of Cessnock, Jay Suvaal.
The forum saw active participation from over 60 stakeholders, including representatives from mining companies, energy producers, unions, industry groups, and academia.
These newly proposed authorities, planned for regions like the Hunter, Illawarra, Central West, and Northwest, are designed to integrate with the Commonwealth Government's Net Zero Authority.
Goal to fortify communities
Reflecting on the roundtable, Minister Courtney Houssos emphasised the importance of community consultation.
“We want to ensure no-one gets left behind and that they are well prepared for the opportunities in the future," Houssos remarked.
The goal is to fortify communities in the "post-coal era", recognising the significant potential in repurposing mined land for novel industries.
Echoing her sentiments, Minister Penny Sharpe underscored the changes underway in the NSW coal sector.
"We are committed to collaborating with local communities, industry, and workers to develop bespoke plans which prioritise future industry and workforce needs," Sharpe stated
Economic diversification
For Mayor Jay Suvaal, the government's investment in economic diversification is best demonstrated by hosting the first Roundtable in Cessnock, signaling its dedication to the transition.
Additional voices from the industry, including BHP (ASX:BHP) NSW Energy Coal Vice President Adam Lancey and MEU Northern Mining and NSW Energy District President Robin Williams, praised the government's inclusive approach.
They acknowledged the region's historic contribution to NSW's economy and the need for a strategic pivot to ensure a prosperous future.
As the state proceeds with these key changes, it is clear that collaboration, community engagement, and foresight will be the cornerstones of the region's transition to a diversified economic future.