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


Greenhouse gas emissions dropping fast at Genesis

Greenhouse gas emissions dropping fast at Genesis Energy

Hard on the heels of this week’s report from the Intergovernmental Panel on Climate Change, which said climate change effects are well underway, Genesis Energy announced a 40.3% reduction in carbon dioxide emissions in October, compared to the same period in 2006.

In the four months since the start of its financial year, the leading energy company has seen its emissions from power generation drop by 37.4%.

Genesis Energy’s Chief Executive, Murray Jackson, said the company’s climate change strategy to reduce emissions was bearing fruit.

“While a portion of the reduction is due to lower volumes of thermal generation, the majority of the drop is a result of switching almost half of our thermal electricity generation from the coal-fired Huntly Power Station to the new 400MW combined cycle gas turbine, known as e3p,” he said.

Genesis Energy CO2 Emissions from Generating Activity

- Current Year 07/08 Total (kilotonnes)
- Last Year 06/07 Total (kilotonnes)
- Percentage change

July 388.7 530.8 -26.7
August 282.8 493.0 -42.6
September 323.1 537.4 -39.9
October 303.4 513.6 -40.3

Genesis Energy has a five-point plan to address climate change issues. As well as reducing greenhouse gas emissions from its generation and non-generation business and investing in both wind and geothermal energy, the company is working with customers to assist them to reduce their carbon footprint. Various initiatives include energy efficiency and conservation advice for industrial customers and discounted energy saving products such as heat pumps for residential customers.

Genesis Energy’s leading climate change initiative, the Schoolgen solar panels in schools programme, has so far generated more than 5000kWh of electricity for six schools.

Genesis Energy has committed itself to install photovoltaic, electricity-generating panels in 50 schools over the next three years – an investment of $2.5 million. It also plans to roll out the Schoolgen renewable energy and climate change curriculum to all New Zealand schools within five years.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: David McLean Appointed As KiwiRail Chair

David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today... More>>

Dairy NZ: ‘More Milk From Fewer Cows’ Trend Continues In A Record Year
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>

Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>

Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>