Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Major role outlined for oil and gas in a lower carbon world

Oil and gas have a crucial long-term role and will have much less of an impact on the environment in future, according to a new report released today by the Petroleum Exploration and Production Association of New Zealand (PEPANZ).

"The report sets out how it is both possible and essential for oil and gas to co-exist in a net zero emissions world," says PEPANZ Net Zero Committee Chair Dr Kate Bromfield.

"The world’s population will reach 9 billion by 2040 and people will need more energy than ever. Renewable sources alone have no chance of meeting this demand, which means oil and gas are still expected to provide around half of the world’s energy by then.

"At the same time, the world must lower net emissions to reduce the impacts of a changing climate. Achieving this will be challenging but absolutely essential, and our industry is a key part of the solution."

The report outlines some of the key ways this can be achieved:

- Substituting coal with natural gas (which has half the greenhouse gas emissions)

- Pricing carbon through the Emissions Trading Scheme (ETS)

- Using carbon capture and storage technology (CCS)

- Offsetting emissions through planting trees

- Reducing the emissions that occur in the production of oil and gas (such as flaring and venting gas)

The report also urges the Government to introduce a comprehensive regulatory framework for CCS technology so that it can be deployed into New Zealand in future.

"Overall this is a good news story. It’s a ‘win-win scenario’ where we can enjoy the benefits of fast, affordable, and effective energy to power our lives, while tackling climate change at the same time."

The full report is available at https://www.pepanz.com/dmsdocument/92.

ENDS




© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Terror in NZ: Mosques Attacked in Christchurch

• There have been two attacks at the Masjid Al Noor Mosque next to Hagley Park, and at the Linwood Masjid Mosque in the suburb of Linwood, Christchurch
• Police commissioner says 50 confirmed dead in Christchurch terrorist attacks. One man charged with murder appeared in court on Saturday, two more apprehended - working to understand their involvement
• PM Jacinda Ardern has described it as a "terrorist attack" by those holding extremist views. She says NZ's gun laws will change.
• The national security threat level has been increased from low to high.
• Commissioner Bush said there were explosive devices attached to one vehicle that were stopped by police and these have been made safe by Defence Force personnel.
More>>

For the Latest: Scoop Search - Christchurch

Parliament's Condolences: PM's Statement On Christchurch Mosques Terror Attack
Al salam Alaikum. Peace be upon you. And peace be upon all of us.
Mr Speaker the 15th of March will now forever be a day etched in our collective memories... More>>

Gordon Campbell: On Why The Government Shouldn't Run The Christchurch Massacre Inquiry
At Cabinet yesterday, the promised changes to our gun laws cleared their first hurdle. According to PM Jacinda Ardern, Cabinet agreed collectively “in principle” on a set of proposals to change New Zealand’s gun laws... Yesterday, Ardern also announced an inquiry into the background to the mosque attacks and into the role played by the SIS, GCSB, Police, Customs, and Immigration. More>>

.

 
 

Gordon Campbell: On The School Climate Strike

Locally, the school strike has won a ton of support for bringing climate change to the fore. Yet the strikers don't want mere expressions of support. They want action. More>>

ALSO:

"Grabbed And Struck In The Face": Greens Co-Leader Attacked While Walking To Work

Green Party co-leader James Shaw was the victim of an unprovoked attack when he was walking to work in Wellington. More>>

ALSO:

████████ ████ ███: Latest OIA Statistics Released

The latest statistics cover 110 agencies that collectively completed 18,106 official information requests between July and December 2018, a 16.4% increase on the 15,551 requests for the previous six months. More>>

ALSO:

'Hit And Run' Inquiry: New Legal Action Over Secrecy

The lawyer representing the Afghan villagers in the inquiry into Operation Burnham has launched legal proceedings calling for a judicial review in the investigation. More>>

ALSO:

From Hydro Plan To...: Mokihinui River Land To Join Kahurangi National Park

A total of 64,400 hectares of conservation land in the Mokihinui River catchment on the West Coast north of Westport, including 15 km of riverbed, is being added to Kahurangi National Park. “Adding this area, roughly half the size of Auckland City, to Kahurangi is the largest addition of land to an existing national park in New Zealand’s history,” Eugenie Sage said. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels