Moving to a Future with Net Zero Carbon Emissions: It's a Team Effort
New Zealand’s energy sector needs to make some big changes if we want to reach net zero carbon emissions. Things like moving away from coal-generated power, shifting from fossil fuel vehicles and reducing emissions from agriculture.
But, the fact is, moving so many of our energy needs solely to electricity is going to put huge pressure on the electricity grid, and this will have a big impact on the cost and accessibility of power for Kiwis.
Moving to a future with net zero carbon emissions: how gas can help
Studies show that electricity demand is likely to be more than double by 2050, requiring over a billion dollars-worth of upgrades to our national grid1. Transpower estimates the new generation capacity required in the next 15 years will be as much as was built in the last 40 years6. All of this comes at a cost. In fact, shifting to 100% renewable electricity for all our energy needs could see the cost of power increase by 40%7.
That’s where gas comes in.