Govt opens low-carbon summit with $47M commitment to new energy research

Govt opens low-carbon summit with $47M commitment to new energy research
Pattrick Smellie
By Pattrick Smellie May 9 (BusinessDesk) - The government will invest $27 million to establish a new energy centre in Taranaki as a gesture towards assisting the region's transition from a multi-billion dollar oil and gas industry to a low-carbon economy. Prime Minister Jacinda Ardern announced the long-anticipated initiative as she opened the Just Transitions Summit in New Plymouth – a two-day event organised in direct response to the backlash created by the government’s decision in April last year to ban further offshore oil and gas exp...

More Economy

Finance minister says yes, yes, yes to RBNZ transparency reform
Economy

Finance minister says yes, yes, yes to RBNZ transparency reform

Willis says she doesn't think system is broken, but needs incremental improvements. 

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025
ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025