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ODT - NZ energy future bright - NZ CO2 projections dim

posted Oct 23, 2012, 5:53 PM by ema-1 ema-1   [ updated Oct 23, 2012, 6:01 PM ]
"By 2030, renewable energy sources such as hydro, geothermal and wind will be generating 90% of our electricity and more than 50% of our total energy needs. Fossil-fuel demand will continue to increase in the transport sector in the next two decades, but it is hoped new oil and gas finds will more than quadruple royalties to $12.7 billion, making the country a net exporter of oil by 2030. So that is the future for which New Zealand has already set sail. During last year, wind electricity generation increased 19%, and 52 oil and gas exploration and development wells were drilled. New energy technology research is being funded and about $36 million is being spent this decade on transport infrastructure, particularly new state highways. The overarching goal, the Government said in its energy strategy released last year, is "to grow the New Zealand economy to deliver greater prosperity, security and opportunities for all New Zealanders". The aim is laudable. But there is a dark lining to this silver cloud - greenhouse gas emissions"