Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Government Biofuels Target Announcement

30 August 2005

Business Council Welcomes Government Biofuels Target Announcement

At a time when petrol and diesel prices are hitting recent highs, the Government’s first small steps towards a biofuels target are to be welcomed, the Chief Executive Officer of the New Zealand Business Council for Sustainable Development, Peter Neilson said today.

Biofuels to extend fossil fuels along with increased take up of energy efficiency technologies and renewables will be part of the portfolio of fuel options to help meet our future energy needs.

Internationally biofuels have only achieved significant take up where Governments have policies to support their introduction. Business and individuals will only embrace a new fuel option if it provides substantial benefits, is widely available and doesn’t reduce vehicle performance.

The Government’s move will help establish a biofuels industry and promote the take up of the biofuel fuel option is therefore an important step. In time the proportion of biofuels is likely to increase, but at this stage it is critical that the introduction works well for all involved, whether motorist, car manufacturer or fuel supplier.

These first moves for greater use of biofuels are important. Encouraging the use of more fuel efficient and lower emission vehicles is now the next big opportunity for Government to green New Zealand’s car and truck fleet. Fossil fuels will remain our major source of energy going forward and biofuels will help make our substantially, imported liquid fuels go further.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news