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

Macron's very un-French business revolution
Economy

Macron's very un-French business revolution

Outsider CEOs and entrepreneurs are shaking up the Paris billionaires’ club.

Bloomberg 27 Apr 2024
R&D spending lifts as businesses look to tap new markets
Economy

R&D spending lifts as businesses look to tap new markets

The average expenditure per business rose 20% in a year.

Rebecca Howard 26 Apr 2024
Consumers more downbeat, confidence survey finds
Economy

Consumers more downbeat, confidence survey finds

The rating in the latest ANZ-Roy Morgan opinion poll fell 4 points to 82.1.

Staff reporters 26 Apr 2024
RBNZ's inflation target conundrum
Economy

Cameron Bagrie: RBNZ's inflation target conundrum

A debate is pending on the inflation target as economic pain rises.

Cameron Bagrie 25 Apr 2024