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Adjustments to the Climate-related Disclosures Regime - summary of discussion document

The Ministry of Business, Innovation, and Employment is seeking public feedback on potential adjustments to the climate-related disclosures regime. We encourage feedback from climate reporting entities, the wider financial markets industry and the public.

Electricity

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.

We are using LNG so that New Zealand can become a mostly renewal electricity system without outages, price spikes, or economic shocks along the way.

pdf, 483 KB

A dry year without gas becomes an economic crisis. Dry years already cause extreme electricity prices. In future, the consequences will be much more severe.

pdf, 401 KB