Adjustments to the climate related disclosure regime submission by Dang and Helmann
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Adjustments to the climate related disclosure regime submission by Corporate Trustees Association
pdf, 220 KBElectricity
Low hydro inflows and lower gas supply saw an increase in coal use for electricity generation in 2024. At the same time, increases in wind, solar, and geothermal generation capacity helped offset the drop in hydro generation, with 85.5% of electricity generated in 2024 coming from renewable sources.
Having your say
We are seeking feedback on the draft Geothermal Strategy for New Zealand.
Overview
This report presents comprehensive information on, and analysis of, New Zealand’s energy supply and demand for the 2024 calendar year.
Draft action plan
The draft action plan is divided into 5 goals with proposed actions across 3 time horizons.
Balance tables
New Zealand’s energy production comes from both renewable and non-renewable sources. The energy balance tables show how energy supply and demand by sector varies by energy type.
Draft strategy for consultation
From the Ground Up sets a long-term direction for the sustainable growth of New Zealand’s geothermal sector.
Oil
New Zealand is a producer of crude oil, with fields concentrated around Taranaki. However, the crude oil produced in New Zealand has historically been almost entirely exported. Since the closure of New Zealand’s only oil refinery at Marsden Point, all domestic petroleum needs are served by imports of refined products such as petrol, diesel, and jet fuel.
We are building momentum...
While the geothermal strategy sets a bold ambition for New Zealand’s energy future, it’s important to recognise the contribution already underway through funds like the Ministry for Primary Industries’ Primary Sector Growth Fund, the Ministry of Business, Innovation and Employment’s (MBIE) Endeavour Fund, and our international diplomacy efforts to progress the sector.