Strategic review of Genesis must focus on carbon zero by 2050, says new CEO

Huntly power station's future is crucial to Genesis and NZ. (Image: Getty)

Fri, 25 Aug 2023

Genesis Energy’s strategic review of the company's future has to start on the first principle that New Zealand will by law be net zero carbon emissions by 2050, says chief executive Malcolm Johns.This poses problems for both NZ, in terms of energy policy and security, and for Genesis as the owner of the country’s largest thermal electricity generation plant, the Huntly station, which is crucial in ensuring the lights stay on and a major part of the company’s revenue and costs.All major parties supported the Zero Carbon Act...

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