Emissions reduction plan discriminates against generators – Genesis CEO

From left: Genesis Energy CEO Malcolm Johns, Sustainable Business Council executive director Mike Burrell and climate change minister James Shaw at the conference. (Image: BusinessDesk)

Greg Hurrell

Wed, 20 Sep 2023

The electricity industry is being discriminated against due to "perverse settings" in the government's emissions reduction plan, Genesis CEO Malcolm Johns says. He told a panel at the Climate Change & Business Conference in Auckland on Tuesday that the Glenbrook steel mill could access $140m from the Government Investment in Decarbonising Industry fund (GIDI)."But Huntly [thermal power station] just down the road is barred from accessing those funds to transition its assets, so if you want to electrify...

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