Scoop has an Ethical Paywall
License needed for work use Register

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


NZ Energy Future: Keeping The Lights On During Transition

The BusinessNZ Energy Council (BEC) says a new report on gas raises questions around how New Zealand intends to keep the lights on while transitioning to a more sustainable and rapidly approaching energy future.

Consultancy Firm EY has produced the Gas Supply and Demand Study 2023, commissioned by Gas Industry Co. The report outlines scenarios representing a range of possible futures for the industry and highlights the challenges around enhanced energy security, supply, and keeping energy affordable during transition.

BEC Executive Director Tina Schirr has recently returned from COP28 in Dubai, and says energy alternatives to gas are further progressed than some may have assumed.

"The energy sector has moved on from wondering how to bring these solutions to market in future, and are actively talking about how to adequately scale them for uptake.

"Advancements in hydrogen, sustainable aviation fuels and e-methanol are all picking up pace, with the potential to bring us ahead of the curve on our current emissions targets. That is why New Zealand needs to be having an urgent and more sophisticated discussion around future fuels, energy security and supply - now.

"But while we transition to a lower emissions energy future, gas still has a role to play. Businesses need assurance that gas will still be available to them while they invest in long-term sustainable solutions.

"Transition must be managed well, ensuring incremental investment in new technology and adequate gas supply along the way."

The full report can be found here.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Business Headlines | Sci-Tech Headlines

GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.