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Investor Presentaiton

Priority 2 Professional and business services Queensland's exports of professional and business services were valued at almost $700 million in 2015-16, an increase of over 20 per cent in the past five years. Particular strengths for Queensland include financial services; architectural, engineering and scientific services; and environmental, agricultural and mining services. Queensland's financial services exports represented a significant proportion of this and was the third largest services export after tourism and IET. Queensland's architectural, engineering and scientific services exports were valued at almost $300 million in 2015-16, and some Queensland architectural firms are gaining significant business traction in Asian markets. More than half of Australia's environmental, agricultural and mining services exports in 2015-16 were from Queensland. The Queensland Government, through TIQ, works with industry organisations, service providers such as law and accountancy firms, as well as consultants and major domestic and international financial institutions, to promote and facilitate investment in Queensland. Renewable energy It is estimated that more than $300 billion was invested globally in renewable energy in 2015 with 196 countries committing to emissions reductions at the 2015 Sustainable Innovation Forum.45 Queensland is emerging as a leader in renewable energy. There are increasing opportunities to attract renewable energy investment and take greater advantage of our high-quality renewable energy resources to create jobs, encourage local manufacturing and develop skills and products for export. The Queensland Government's Renewable Energy Expert Panel has released a draft report which outlines pathways for Queensland to achieve a 50 per cent renewable energy target by 2030. In a first for any Australian state or territory government, government-owned land in Queensland is being assessed for suitability for large-scale renewable energy developments and will be released to renewable energy proponents under the Advancing our Cities and Regions Strategy. Case study: Solar 150 solar investment program The Queensland Government's Solar 150 program is establishing a large-scale renewable energy industry in Queensland-acting on climate change, creating new jobs and diversifying our economy. In collaboration with the Australian Renewable Energy Agency (ARENA), upfront capital grants and long-term revenue contracts will be provided to encourage the development of six large-scale Queensland solar projects with construction set to begin in early 2017. This will boost investment in Queensland by over $637 million, support around 600 direct jobs, increase our existing solar generation 30-fold, and produce enough electricity to power 120,000 homes. Current action: The Queensland Government is working to achieve Queensland's 50 per cent renewable energy target by 2030. Professional and business services increased over 20% in the past five years Ravenshoe, Queensland Windorah, Queensland Queensland Trade and Investment Strategy 2017-2022 29
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