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New global ranking highlights our energy vulnerability

The latest global rankings for energy confirm warnings over New Zealand鈥檚 energy security, according to 天美直播

The World Energy Council has rated New Zealand 9th in their annual energy trilemma framework which ranks countries on how they balance the three key elements of energy security, equity, and sustainability.

"It鈥檚 pleasing to see we are still in the world鈥檚 top 10 overall, but it鈥檚 a real worry to see our energy security rating slip to 28th," says chief executive John Carnegie.

"Based mainly on 2019 and 2020 datasets, this year鈥檚 ranking will only get worse when the events of this chaotic year in energy are included.

"We鈥檝e seen the pain caused by energy shortages this year with extremely high electricity and natural gas prices, caused by low levels in the hydro lakes and temporary natural gas supply issues.

"This has led to job losses and closures across the industrial sector, and we鈥檙e importing record levels of coal just to keep the lights on.

"The power cuts in August were a symbolic warning of the challenges we face.

"New technologies and renewable energy sources are coming, which is great, but they are years away.

"In the meantime, we need to make it easier to develop our domestic natural gas supplies to keep the lights on and our factories running. Natural gas has half the emissions of coal and can help smooth the transition we all want.

"It鈥檚 time for the sector and the Government to work together before these early warning signals become a stark reality."

The report is available .听