Parliament

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

 

Report highlights risks to energy security

A Transpower report laying out the challenges that come with relying on electricity for our energy supply underlines the folly of the Government’s rushed decision to stop offshore petroleum exploration, National’s Energy and Resources spokesperson Jonathan Young says.

“The Transpower report points out the potentially massive costs involved in replacing our fossil fuel usage with electricity across the economy, and the risks of intermittent supply because of the nature of our electricity generation,” Mr Young says.

“We’ll need to build more than double the existing level of generation. This is the equivalent of 22 Clyde Dams by 2050 to meet the increased demand, we’ll have to massively upgrade our transmission system, and our energy supply will face risks.

“That means one thing – much higher power prices are coming.

Mr Young says the report comes hard on the heels of another from MBIE saying we only have ten years of depleting gas reserves.

“It’s disappointing that the Government’s decision was made without the benefit which highlights how irresponsible the decision-making process has been. They should have fed into a decision on where we are going on oil and gas, not the other way around.

“The Government’s announcement of no new offshore exploration and a review of any new onshore exploration in three years is already chilling investment plans due to raised sensitivity around sovereign risk.

“We know the policy is not going to reduce carbon emissions at all. And now we have increasing evidence that it will significantly damage our hard-won energy security.

“It is not only an own goal for the Government, it’s an own goal for New Zealand.

“What we need is a planned transition that manages energy demand and supply into to a low emission future, but at a pace that doesn’t destroy business confidence and our economic future in a single Parliamentary term.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday].

Housing Minister Phil Twyford's office said he would not be commenting on Mr Barclay's resignation as it was an employment matter. Last month, Mr Twyford confirmed that Mr Barclay had not been at work for a number of weeks. More>>

 

Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>

ALSO:

DHBs "Prepared": Junior Doctors Strike Again

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>

ALSO:

IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels