Genesis Energy has sent a team to Europe to investigate sources of carbon credits to meet what will be hefty carbon liability for the company from 2010. The Huntly Power Station emits between 3m and 6m tonnes of CO2 per year, which could cost Genesis up to $150m annually in carbon charges, depending on the […]
Departing Genesis Energy CEO Murray Jackson appears to have been pushed out of the job by Energy Minister David Parker, over his outspoken views on the shaky state of NZ’s electricity system. Jackson, who leaves Genesis on August 31 after nine years at the helm, is understood to have been negotiating a new contract when […]
Air NZ’s commitment to being a world leader in bio-fuels has been reinforced by its founding membership of a new global organisation dedicated to developing algae-sourced fuel. Air NZ is one of three airlines to join the new Algal Biomass Organisation (ABO), together with Continental Airlines and Virgin Atlantic. More than 400 leading global algae […]
Ian Templeton at Parliament
• Date for start set back.
• Obligation levels adjusted down.
• Cost to economy noted.
Significant changes to the mandatory introduction of bio-fuels into NZ’s transport fuels have been proposed by Parliament’s Local Govt and Environment Select Committee. The date for introduction has been amended from July 1 to October 1, and the Committee […]
NZ could have more geothermal potential than previously recognised, particularly “low-temperature” geothermal energy. Until now, the focus has mainly been on high-temperature geothermal resources in the Central North Island but a team from GNS Science is about to begin a three-year project to study the country’s low-temperature geothermal resources. Low temperatures, in geothermal terms, are […]
The International Energy Agency has calculated the cost of halving global greenhouse gas emissions by 2050 at $US45trn. The cost represents the investment needed in alternative energy technologies to achieve what the IEA describes as a virtual decarbonisation of the power sector. $US45trn is equivalent to 1.1% of global GDP during the period.
The IEA bases […]
The Greens’ inherent dislike of commercial agriculture is apparent in their determination to take a big stick to farmers over their greenhouse gas emissions. While Agriculture Minister Jim Anderton is a pragmatist who recognises how vital farming is to NZ’s economic survival, the Greens appear not to realise or care how devastating the imposition of […]
Ian Templeton at Parliament
• Substantial changes to ETS Bill.
• Govt will struggle to pass it.
• Widespread business opposition.
Major changes to the Emissions Trading Scheme in the Govt’s flagship climate change legislation are embodied in the report of Parliament’s Finance and Expenditure Select Committee. They’ve been welcomed by Climate Change Minister David Parker, who says the […]
Electricity Commission Chairman David Caygill dismisses as “bizarre” calls for NZ to replace the current wholesale electricity market with a single centralised purchaser. He says changing the industry’s structure would make no difference to the overall level of risk in a dry year. Caygill set out his views on the current electricity outlook in an […]
NZ’s top energy experts are confident the lights will stay on this winter, despite it being the driest year since 1992 and hydro lake storage falling below 50% of average. Low lake levels have driven wholesale electricity prices to record levels. Electricity Commission Chairman David Caygill says NZ has sufficient back-up capacity, but power savings […]
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