Auckland New Zealand accelerates the development of new energy storage

What is New Zealand's Energy Action Plan?

The Action Plan envisages a sector that enables New Zealand to fulfil its economic growth potential through affordable, stable energy prices for consumers, eficient generation investment and secure, abundant supply; one that continues the transition to renewable energy, supporting and enhancing the country’s emissions-reduction goals.

Does energy drive economic growth in New Zealand?

Chamber CEO Simon Bridges says that energy has a vital role to play in driving economic activity, and the Action Plan is all about helping to ensure that that role is fulfilled. “For too long now, energy has been a constraint on New Zealand’s economic growth, rather than an enabler of it.

How can Aotearoa New Zealand achieve a zero-carbon economy?

Undertaking research to assist Aotearoa New Zealand in achieving a zero-carbon economy through increased investment in renewable energy. The key purpose of the Green Energy Engineering Centre (GEEC) is to carry out research which will help New Zealand reach a zero-carbon economy through increased investment in renewable energy.

How can New Zealand achieve its energy goals?

The development and adoption of new renewable power generation, energy storage, demand management and digital technologies, based on a solid strategy and facilitated through good relationships with consumers and communities, should enable New Zealand to achieve its energy goals. We don’t need an aspirational target, we need an energy strategy.

What will New Zealand's energy sector do in 2024?

New Zealand's energy sector experienced the first year of the new coalition Government's policy workplan in 2024. The Government's legislative focus is to enable regulatory settings for industry development and investment, rather than the Government making direct investment into the sector.

What did New Zealand do to improve resource management?

Of particular note was the resource management reform including the Fast-track Approvals Act 2024 ("FTAA") and the proposed amendments to the Overseas Investment Act 2005 ("OIA"). The Government took steps to overhaul New Zealand's resource management system, including to support the energy sector. This included: