New Zealand Energy Strategy to 2050: Vision
New Zealand Energy Strategy to 2050: Vision
- A reliable and resilient system delivering New Zealand sustainable, low emissions energy services, through:
- Providing clear direction on the future of New Zealand's energy system
- Utilising markets and focused regulation to securely deliver energy services at competitive prices
- Reducing greenhouse gas emissions, including through an emissions trading scheme
- Maximising the contribution of cost-effective energy efficiency and conservation of energy
- Maximising the contribution of cost-effective renewable energy resources while safeguarding our environment
- Promoting early adoption of environmentally sustainable energy technologies
- Supporting consumers through the transition.
Principles:
- Investment should occur in energy efficiency measures where this is cheaper than the long-term costs of building extra generation capacity, including environmental costs.
- For the foreseeable future, it is preferable that all new electricity generation be renewable, except to the extent necessary to maintain security of supply.
Long-term targets:
- Source 90 per cent of electricity generation from renewable sources by 2025 (based on delivered electricity in an average hydrological year).
- Halve domestic transport emissions per capita by 2040 relative to 2007 emissions.
New Zealand Energy Efficiency and Conservation Strategy
Expected savings:
- 30 petajoules of savings in non-transport energy per year by 2025
- 9.5 petajoules of additional direct use renewable energy per year by 2025
- 20 petajoules of energy savings in the transport sector by 2015
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