Energy

Gas dilemma: why govt didn't set a phase-out deadline

Ian Llewellyn
Mon, 20 Jun 2022

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
Mon, 20 Jun 2022
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.