2022-10-24 11:45:00
NEW ZEALAND RENEWABLES 50%
IEEFA- October 21, 2022 - At the end of a week of big climate and renewables announcements from its Pacific neighbours, the New Zealand government has set a target of 50% renewables for total final energy consumption by 2035.
The target was confirmed alongside the publication, on Friday, of the terms of reference for the New Zealand Energy Strategy, which maps out the ambitions and next steps for shifting to a “high performing, low emissions” future.
The 2035 target addresses the renewables share of total energy consumed by end users, not just electricity.
According to the documents detailing the government’s emissions reduction task, just over 40 per cent of NZ’s total primary energy supply and nearly 28 per cent of its total final energy consumption comes from renewable energy sources.
The new target sits alongside the Labor government’s aspirational target of 100 per cent renewables electricity by 2030, and its series of three “stepping stone” emissions budgets on the path to a net zero carbon target for 2050.
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Earlier:
2018, December, 7, 07:35:00
NEW ZEALAND'S GREEN INVESTMENT NZ$100 MLN
REUTERS - New Zealand Prime Minister Jacinda Ardern announced a new NZ$100 million ($69.28 million) green investment fund on Wednesday, aimed at boosting private-sector participation in a campaign to achieve zero net carbon emissions by 2050.
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2015, December, 11, 19:40:00
SHELL SELLS NEW ZEALAND
"These assets are profitable, well maintained and are an important part of New Zealand's energy mix," Shell New Zealand Chairman Rob Jager said in a statement Thursday. "The Shell business in New Zealand is great, but a small part of the global Shell business and hence the decision to undertake a strategic review at this time."
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