Drop 100% renewable target in favour of stricter ETS - NZ Initiative

Wed, 27 Mar 2019

By Gavin Evans March 28 (BusinessDesk) - The government’s proposed 100 percent renewable electricity target risks driving up power costs for relatively little emissions benefit, a study by the New Zealand Initiative says. The report – Switched on! – argues that renewable projects are on track to increase their share of power production to 95 percent within the next 20 years. But getting that last 5 percent from renewables in all but dry years could add $500 million to power costs and reduce emissions at a cost of about $200 a tonne. Th...

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