Climate Commission 'overly optimistic' on power prices — Genesis

The commission doesn’t appear to understand the impact higher carbon prices will have on electricity prices during the next three to five years, Genesis chief executive Marc England says.

Gavin Evans

Thu, 25 Feb 2021

The Climate Change Commission’s assumptions on near-term electricity prices are “overly optimistic” and risk creating the impression that decarbonising the economy is going to be easy, Genesis Energy says.The commission, which has suggested raising the cap on carbon prices in the emissions trading scheme to $70 a tonne as soon as possible — from $50 now — and then to $140 by 2030, doesn’t appear to understand the impact higher carbon prices will have on electricity prices during the next three to five years,...

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Politics

Media react to Melissa Lee sacking

The sector is keen to work with new minister Paul Goldsmith amid its financial crisis.

Daniel Dunkley 5:10pm

Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm