A coal royalties revamp delivered a record surplus in Queensland. Here's why NSW must follow suit | Tim Buckley

Queensland's $550 electricity bill rebate for all and staggering $19bn investment in renewables show why it's time for NSW to put in place a similar systemGet our morning and afternoon news emails, free app or daily news podcastWhen Queensland posted a surprise $12bn surplus - the largest ever recorded by an Australian state - in this week's budget, it was a testament to its progressive coal royalties system.Introduced by the treasurer, Cameron Dick, in June 2022, royalties range from 7-40% of revenues depending on coal prices, and are immediately delivering beyond expectations for the people of Queensland.Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundupTim Buckley is the founder of Climate Energy Finance, an Australian public interest thinktank Continue reading...