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

 

Energy strategy hits the right note

Energy strategy hits the right note

The Government’s Energy Strategy 2011 – 2021 released today strikes a good balance in recognising that as New Zealand and the world transitions to renewable energy, coal, gas and oil will have important parts to play in delivering secure and affordable energy over the next few decades, says Solid Energy Chief Executive Officer, Dr Don Elder.

In welcoming the strategy Dr Elder says, “This is good approach. It will support accelerated resource development in ways that will maxmise value for New Zealand, but at the same time meet New Zealanders’ environmental and sustainability expectations, and ensure that we don’t lose offshore the significant economic benefits of our natural resources.”

Dr Elder says that Solid Energy particularly welcomed proposals to change permitting for oil and gas exploration and the recognition that New Zealand’s gas hydrates have huge economic potential for the country. We expect the strategy will be supported by the forthcoming review of the Crown Minerals Act, and the clarity we hope will be delivered in the current review of the Emissions Trading Scheme. Together these will give New Zealand a pragmatic transition to a renewable energy future that maximises all our natural assets and resources for the benefit of New Zealanders.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>



Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>