NZ ranks 3rd in International Index of Energy Security Risk
New Zealand ranks third in International Index of Energy Security Risk
New Zealand has been ranked third for energy security amongst the top 25 energy users in the world.
The International Index of Energy Security Risk is a tool designed to facilitate a better understanding of global energy markets.
Ranked against the 24 largest energy user countries, which account for about fourfifths of total world energy demand, New Zealand ranks a creditable third in energy security, maintaining its ranking from the previous year.
Norway is the most energy secure country in the large user group and has been since 2001. Mexico, New Zealand, UK and Canada complete the top five.
“New Zealand is punching considerably above it weight,” says Rob Whitney, Chair of the BusinessNZ Energy Council. “This ranking backs up the result of the 2013 World Energy Council’s Trilemma Sustainability Index which ranked New Zealand 8th out of 129 countries when assessed against pursuit of a balanced policy agenda comprising energy security, energy equity and environmental sustainability.
“We can’t be complacent however, and we hope the International Index will stimulate a discussion about New Zealand’s energy security in a global context and how we continually strive to achieve balanced energy policies overall.”