Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Kawerau geothermal project's Kyoto boost

6 September 2005

Kawerau geothermal project's Kyoto boost

The government has awarded over 1.2 million internationally tradable emissions units to Mighty River Power's proposed 70 MW Kawerau geothermal electricity scheme. The steam for the proposed scheme will be drawn from under land owned by the Putauaki Trust and Norske Skog Tasman under agreements with Mighty River Power.

"Climate change is a direct threat to New Zealand's economy, environment and way of life. Our ratification of the Kyoto Protocol means that the government can award emissions units to projects such as this that would otherwise not be financially viable at this time," says Convenor of the Ministerial Group on Climate Change Pete Hodgson.

Under the government's Projects to Reduce Emissions programme, units are awarded to projects that lead to a net reduction in emission against business as usual and that would not otherwise be financially viable. Units are awarded through a tender process. New Zealand's net emissions position is improved as under the programme fewer emissions units are awarded than the total amount of emissions abated.

"Kyoto and the Projects programme are enabling hundreds of megawatts of generation to be brought forward and millions of tonnes of greenhouse gas emissions to be saved. Our economy, business and the environment all win."

Mighty River Power's proposal is for the project to come on stream at the end of 2007 with an anticipated life of 25 years. The project is subject to the normal resource consents process.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election