The government's energy strategies set the policy direction and priorities for the New Zealand energy sector and focus on transitioning to a net zero carbon emissions by 2050, while building a more productive, sustainable and inclusive economy.
When will the New Zealand energy strategy be published?
We will be updating this page over the course of the year. The strategy will be published by the end of 2024. The Government is developing the New Zealand Energy Strategy to support the transition to a low emissions economy, address strategic challenges in the energy sector, and signal pathways away from fossil fuels.
Why is New Zealand transitioning to a highly renewable electricity system?
New Zealand is transitioning to a highly renewable electricity system. This change will require increased and accelerated investment in new electricity generation to match demand growth and the retirement of thermal power plants.
What is New Zealand's energy strategy?
New Zealand Energy Strategy The Government is working to develop a plan that will help to guide the fossil gas sector to reduce emissions, in line with our legislated targets, emissions budgets and Aotearoa New Zealand's international commitments. Gas Transition Plan
What workstreams are included in the NZ Energy Strategy?
It includes the following workstreams: The renewable energy strategy connects renewable electricity generation, the Electricity Price Review, a green hydrogen strategy, Gas Act changes, a resources strategy, process heat, Just Transition work, and backing emerging technologies with the Emissions Reduction Plan and NZ Emissions Trading Scheme.
What percentage of New Zealand's electricity is generated by gas?
In 2023, gas contributed around 9 per cent of New Zealand's electricity generation. Gas provides energy for industry, commerce and public use, and is a raw material in the production of methanol and urea. Gas-fired generation keeps electricity affordable and secure, which in turn supports electrification.
Why is New Zealand tackling energy security and affordability issues?
New Zealand has faced recent challenges on energy security and affordability. The Government is committed to alleviating these problems. Tackling security and affordability concerns is a necessary precursor to giving businesses and households the confidence to electrify and reduce their emissions.