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NZ energy performance: 8th globally

NZ energy performance: 8th globally, only non-EU country in top 10


New Zealand has gained one place moving to 8th in the latest global ranking of national energy performance by the World Energy Trilemma Index.

New Zealand is the only non-European country to rank in the global top ten.

This year Denmark, Switzerland and Sweden top the Index again, with Denmark also achieving the highest score for energy security.

The World Energy Council's Energy Trilemma Index ranks 130 countries on how well they are achieving a balance between energy security, energy equity and environmental sustainability.

While ranking 8th overall, New Zealand’s 2018 rank for sustainability and equity has dropped due to the relative improved performance of other countries.

"Overall, New Zealand continues to successfully balance the trilemma energy goals with a balance score of AAB," BEC Chair David Caygill said.

"It is encouraging to see New Zealand policy and business leaders using this tool to better manage the energy sector’s complexity. For example, just recently the trilemma has been used to shape the electricity price review."

Globally, countries are facing three trends impacting on energy demand and supply: decarbonisation, digitalisation and decentralisation. This year’s Asia-Pacific Energy Leader Summit will showcase the use of digitalisation and decentralisation to decarbonise economies.

"New Zealand is among the world leaders in energy digitalisation and we should leverage this advantage as we face the challenge of meeting the nation’s Paris climate change commitments," Mr Caygill said.


About the World Energy Council (WEC) The World Energy Council's network of 100 national committees represents over 3,000 member organisations including governments, industry and expert institutions, with the mission of promoting the sustainable supply and use of energy for the greatest benefit of all. www.worldenergy.org

About the BusinessNZ Energy Council (BEC) The BusinessNZ Energy Council (BEC) is a group of New Zealand organisations taking on a leading role in creating a sustainable energy future for New Zealand. The BEC is the New Zealand Member Committee of the World Energy Council (WEC). All BEC members are automatically members of the WEC. www.bec.org.nz

ENDS


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