Climate change: some bans banned as energy policy evolves

Climate change: some bans banned as energy policy evolves
Talk of a ban on new gas connections has stopped. (Image: Depositphotos)
Ian Llewellyn
The Emissions Reduction Plan shows an evolution in the government's thinking around energy policy, with talk around some bans dropped and a shift in focus.The Climate Change Commission floated the idea of banning new connections to gas infrastructure by 2025 and a ban on internal combustion car imports by 2035.Monday’s Emissions Reduction Plan (ERP) instead talks about managing the phase-out of “fossil” gas which “presents short-term and long-term challenges, including balancing capital investment with declining foss...

More Economy

Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 10:00am
Business gloom offers inflation hope
Economy

Business gloom offers inflation hope

The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion shows a continued deterioration in business confidence in the second quarter.A net 35% of firms expected a deterioration in the general economic outlook over the coming months on a seaso...

Staff reporters 02 Jul 2024