Scoop has an Ethical Paywall
World Energy report shows New Zealand alone in rejecting gas
No other country appears to be following New Zealand’s ‘leadership’ in abandoning natural gas exploration, according to the International Energy Agency’s World Energy Outlook for 2018.
"Global demand for natural gas is forecast to grow strongly as a lower carbon, affordable and practical energy source," says Petroleum Exploration and Production Association of New Zealand (PEPANZ) CEO Cameron Madgwick.
"The report says that global demand for natural gas is likely to grow 45% by 2040 under the ‘New Policies’ scenario. Even under the most ambitious ‘Sustainable Development Scenario’ new investment into oil and gas is still required.
"Around the world natural gas is replacing coal which is helping lower emissions and energy costs.
"It’s also becoming an export industry as a number of massive projects are underway in places like Australia, Canada and Mozambique. This is a global industry New Zealand can and should be a part of.
"Instead of other countries following New Zealand’s example, they appear to be avoiding our mistake in ending new offshore exploration permits."
More information is available at https://www.iea.org/newsroom/news/2018/november/world-energy-outlook-2018-examines-future-patterns-of-global-energy-system-at-a-t.html
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
Hugh Grant: Navigating Digital Adoption In New Zealand - Embracing Change For A Bright Future
Dawn Aerospace: Historic Flight - Breaks Sound Barrier And Global Records
SEEK: SEEK NZ Employment Report - October
University of Auckland: Protecting Young Minds With AI
Greenpeace: Greenpeace Calls On Fonterra Investors To Consider Big Picture With Giant Puzzle
