NZ has hydrogen export advantage if it acts soon

NZ has hydrogen export advantage if it acts soon
Electricity from Manapouri could give NZ an advantage in the growing hydrogen export market. (Image: Meridian)
Ian Llewellyn
New Zealand would have a competitive advantage as a hydrogen producer and exporter, if it acts quickly, the government has been told.The report by consultancy company Castalia for the Ministry of Business, Innovation and Employment is part of the work under way for the government’s Hydrogen Roadmap.Castalia looked at how hydrogen might be produced and used in NZ under a business-as-usual (BAU) pathway out to 2050 and suggestions for possible interventions.The BAU modelling suggests around 8% of NZ’s energy demand could be met by gre...

More Economy

Weaker than expected jobs data won't move the rate cut dial
Economy

Weaker than expected jobs data won't move the rate cut dial

The March quarter jobs data was gloomier than expected.

Rebecca Howard 01 May 2024
Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
Business confidence still falling
Economy

Business confidence still falling

Business confidence fell eight points to 15 in the latest ANZ NZ Business Outlook survey as cost pressures continue to bite. According to Westpac Bank senior economist Satish Ranchhod, a net 20% of firms reported their trading activity has declined over the past year. “That’s the...

Staff reporters 30 Apr 2024
Returning GST to councils would cover 'infrastructure cost increases' to councils
Economy

Returning GST to councils would cover 'infrastructure cost increases' to councils

Returning GST to councils would help councils out a lot, Infometrics says.

Dileepa Fonseka 30 Apr 2024