NZ has already had some experience of what is happening in European energy markets, just on a much, much smaller scale and with less-catastrophic impacts.
Recent price increases made up all the ground lost after carbon prices slumped following Russia’s invasion of Ukraine.
The Rabobank paper points out many areas where the sector can make a difference on climate change.
A target to reduce the distance New Zealanders collectively drive by 20% isn't as ambitious as it first appears.