Exporting hydrogen will force policy and economic decisions

Exporting hydrogen will force policy and economic decisions
The government has been told to consider the implications of exporting water and electricity if a hydrogen industry is successful. (Image: Mercury)
Ian Llewellyn
The government has been told to think carefully about the development of a hydrogen export sector because it would essentially be exporting water and renewable energy resources.The advice comes as Meridian Energy moves to the development stage of a hydrogen production plant in Southland with international partners.A report commissioned by the Ministry of Business, Innovation and Employment (MBIE) said there were no major regulatory barriers to the rollout of hydrogen in New Zealand and the gaps which do exist can be sorted out.Consultants PwC d...

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