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New Zealand 2023
Energy Policy Review The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences.New Zealand has set ambitious targets for reducing greenhouse gas emissions, including achieving net zero emissions by 2050. The country enjoys many natural advantages for its energy transition, including an enviable renewable resource base. New Zealand already has a low‑emissions electricity system, with significant production from both hydropower and geothermal, and therefore has an attractive opportunity to leverage this clean electricity to…
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Energy Policies of IEA Countries: New Zealand 2017 Review
…and renewable energy. The country has a flexible power system, but future growth requires fine-tuning of market rules in favour of even more flexibility, demand response, smart and effective electricity retail and distribution. While security of supply is well ensured by effective markets, an energy-constraint system can benefit from market-based risk managements tools, including a safety net for dry years as well as access to global liquefied natural gas markets. This review analyses the energy policy challenges facing New Zealand and provides recommendations to help guide the country towards a more secure, sustainable and affordable energy future.
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Energy Policies of IEA Countries: New Zealand 2010 Review
…balanced portfolio of renewable-energy resources, which contribute over 70% of electricity output – the third-highest portion in IEA member countries. This resource base has the potential to deliver greater volumes of energy, and the government aspires to increase this proportion to 90% of electricity generation by 2025. Meeting this target will bring many benefits but also tough challenges, such as maintaining a robust National Grid. This review analyses the energy policy challenges facing New Zealand and provides sectoral critiques and recommendations for further policy improvements. It is intended to help guide New Zealand towards a more sustainable energy future.
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Energy Policies of IEA Countries: New Zealand 2006 Review
…In fact, New Zealand was a pioneer in electricity market liberalisation, whereas many countries are just starting down the path of liberalisation. Furthermore, the country’s strong commitment to undistorted and transparent liberalised markets is evidenced by a general lack of direct energy subsidies to specific customers or producers. Its commitment to ongoing review of its energy markets to ensure efficient and competitive outcomes is shown by the government’s recent creation of two new regulatory bodies, the Electricity Commission (EC) and the Gas Industry Company (GIC). In short, New Zealand should be proud of its high-quality energy policies. …
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New Zealand Climate Resilience Policy Indicator
…Adaptation Plan is to be published in August 2022 and will propose specific actions to address these risks. Climate hazard assessment TemperatureNew Zealand’s temperature increased by 1.13°C between 1909 and 2019, falling within the range of the global land average for the period (1.09‑1.4°C). In the past two decades, it increased 0.0387°C per year, slightly higher than the world average (0.0313°C). However, New Zealand’s annual average temperature in any given year is subject to high natural variability, driven by variations in circulation patterns and other natural fluctuations. The number of frost days has been…
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New Zealand's legislation on oil security
Introduction The 1976 International Energy Agreement Act (IEAA) and the 1981 Petroleum Demand Restraint Act provide the legislative frame for New Zealand’s oil emergency measures. The 1991 Crown Minerals Act (CMA) and the 2002 Civil Defence Emergency Management Act (CDE) also contain provisions which may be of relevance at times of an energy emergency. Circumstances triggering operation of the emergency response system According to article 3(1) IEAA, an oil emergency exists when New Zealand’s International Energy Agency (IEA) obligations require the taking of emergency measures. The demand restraint measures of the Petroleum Demand Restraint Act may in…