Gas dilemma: why govt didn't set a phase-out deadline

Gas dilemma: why govt didn't set a phase-out deadline
Energy minister Megan Woods said getting rid of gas would be good for emissions, but warned the costs remain high. (Image: Getty)
Ian Llewellyn
The government baulked at setting a deadline for phasing out natural gas as it became clear it was essential for energy security and billions of dollars in costs would fall on households, businesses and the taxpayer, cabinet papers show.The Emissions Reductions Plan announced in May included a Gas Transition Plan. It stopped short of naming dates for the end of gas use in any form, unlike measures proposed for coal. The gas plan also did not take up a Climate Change Commission (CCC) suggestion to set a date to ban new connections to the ga...

More Economy

RBNZ cuts by 50bps to 4.25%
Economy

RBNZ cuts by 50bps to 4.25%

The decision was widely expected. 

Weak NZD ahead as rate cuts loom
Economy

Cameron Bagrie: Weak NZD ahead as rate cuts loom

This week's expected rate cut will further underpin a weaker-for-longer NZ dollar.

Cameron Bagrie 26 Nov 2024
More confidence about housing: ASB
Economy

More confidence about housing: ASB

Sentiment is improving, albeit slowly, the Housing Confidence Survey shows.