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A small, geographically isolated country, New Zealand faces some serious energy sector challenges, requiring special attention to security of supply issues, both in oil and gas domains. Natural gas production from the major Maui field is rapidly declining. New domestic resources must be found or an import capability developed and imports secured if gas is to remain a significant part of the country’s energy mix. At the same time, New Zealand’s greenhouse gas emissions are rising: the most recent estimates put them at 21% above their Kyoto target over the first commitment period. Thankfully, these challenges are not insurmountable.
The New Zealand government has long demonstrated a considered and proactive approach to formulating energy policy. New Zealand’s energy policy is characterised by a commitment to free and open markets complimented by light-handed regulation. The IEA commends this approach and encourages continued policy improvements and enhancements.
The energy policy review of New Zealand offers a comprehensive analysis of the country’s energy sector, evaluating its strengths and weaknesses across the fuel mix, as well as looking at broader issues such as energy efficiency, environmental performance and technology research and development. It also includes policy critiques and recommendations, drawing on experience across IEA member countries. For policymakers charged with solving the country’s emerging energy challenges, this book is essential.
172 pages; ISBN 9789264109704
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