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

Adrian Orr’s first commercial post-RBNZ gig revealed
Economy

Adrian Orr’s first commercial post-RBNZ gig revealed

Orr backs the Māori economy in his first executive gig since quitting.

Pattrick Smellie 12 Sep 2025
Retail card spending climbs for third month
Retail

Retail card spending climbs for third month

The total amount spent using electronic cards was $9.3 billion.

Chido Machingura 12 Sep 2025
Receivers hunt for missing cars amid $5.7m company collapse
Economy

Receivers hunt for missing cars amid $5.7m company collapse

The cars were moved to Takanini and Manurewa before the insolvencies.

Gregor Thompson 12 Sep 2025
Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025