Hard work begins on climate policy now
The wider energy industry is ready to take a leadership role in the hard work of transitioning following today鈥檚 announcement of a climate emergency.
鈥淭his is a real challenge that requires change from all of us,鈥� says Petroleum Exploration and Production Association of New Zealand (PEPANZ) Chief Executive John Carnegie.
鈥淓veryone wants lower emissions. The real challenge now is how to make this happen in the best way while still ensuring a good quality of life for New Zealanders with affordable and reliable energy.
鈥淭hat鈥檚 what we are focussed on and we want to work with the Government to help lead this transition. It won鈥檛 be easy but it has to be done.
鈥淲e care about our people, our country and our environment. That鈥檚 why our industry is adapting and the way we use energy is changing.
鈥淚n the future the world will need more natural gas to replace higher emitting sources and we will see more of new technologies to help achieve these goals. One such possibility is carbon capture and storage.
鈥淭his is a global challenge that requires coordinated action. The world needs natural gas to make the transition and New Zealand can make a real contribution here.
鈥淲e also need to have a comprehensive ETS applying to all sectors and gases, and linked to our trading partners.鈥�