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


Productivity Commission Report Well Balanced

Productivity Commission Report Well Balanced And Thoughtful

Straterra, the industry association representing the New Zealand minerals sector, has welcomed the Productivity Commissions’ draft report on transitioning to a low emissions economy.

“We will carefully scrutinize the document and make a submission as part of the consultation process but our immediate reaction is this is a well-balanced and thoughtful report,” Straterra Chief Executive Chris Baker said today.

“Developing mineral resources is an essential part of a low carbon economy, providing minerals needed for infrastructure, green technology, for example, wind turbines, battery technologies, electric vehicles and computer technology.

“The report recognises the importance of coal as a cost competitive source of energy and an important input for much of our primary sector export industries. The report also recognises the challenges of transitioning away from coal in the South Island and it acknowledges that opportunities to directly reduce emissions from iron and steel production are limited.

‘These observations are important because coking coal is an essential input in the manufacture of steel and our coking coal mines on the West Coast provide much needed jobs, and export revenue. Coal also underpins the vital rail link to Lyttleton.

“The path we follow to reduce emissions is important and our focus, along with many in the business community, is to ensure we maintain a balance between our environmental and economic objectives.

“New Zealand must support options where we have an advantage such as electric vehicles, and be cautious where options will simply encourage investment and jobs to go overseas. That would be a loss for New Zealand, and no benefit for global emissions,” Mr Baker concluded.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Still Gaining: More Migrants Head Back Overseas

Annual net migration is down 4,800 from a high point a year ago, largely because more non-New Zealand citizens are leaving the country, Stats NZ said today. More>>

Christchurch: Red Zone Used To Boost Endangered Bee Population

“May 20 has been declared World Bee Day by the United Nations, and I am pleased to announce today that we have been able to use the red zone to protect and grow our native bee stocks,” says Minister Megan Woods. More>>

Trips, Support, Conferences For Agents: Insurers Spend $34 Million On Soft Commissions

“We are concerned that insurers are designing and offering incentives that potentially set advisers up to fail in complying with their obligations.” More>>


Privacy Commissioner: Facial Recognition Tech Not Reliable

The Privacy Commissioner says businesses should take great care when using facial recognition technology because there is a high risk of misidentification. More>>

Compliance Costs: Cheesemakers "Have A Reason To Smile"

Delighted to be a guest at The Great Eketahuna Cheese Festival today, Mr O’Connor launched the Food Safety Template for Cheesemakers – a tool to help cheesemakers producing cheese for New Zealand and Australia to meet food safety requirements. More>>

Te Uru Rākau: NZ Forestry Now Future Proofed

The Associate Minister of Forestry the Hon Meka Whaitiri says the launch of Te Uru Rākau will mean that the New Zealand forestry industry will be future proofed. More>>


Minister Of Tourism Speech: TRENZ 2018

Tourism is an economic bedrock. It’s our biggest export earner, employs hundreds of thousands of people, and the industry is the world’s window into our beautiful country. More>>