Meridian Energy welcomes many of the recommendations released in the Productivity Commission’s draft report on how New Zealand can transition to a low-emissions economy.
While still in draft Meridian’s Chief Executive Neal Barclay said that the Productivity Commission had produced a comprehensive report, which aligns with Meridian’s own view that an efficient, well-functioning electricity system will play a central part in New Zealand’s transition to a zero carbon future.
“When combating climate change it is imperative that we collaborate across sectors to create the momentum for change,” says Neal. “This means we keep pushing to grow renewables to as close to 100% as we can and making a shift to reducing carbon in areas that will have the greatest impact on our environment.”
The report outlines the opportunity to look at how the country’s renewable advantage can be used to transform other sectors like agriculture and transport.
“New Zealand already has a low emissions electricity system that’s the envy of the world, with over 85% of electricity already being produced by wind, water and geothermal. It’s what we do next and how we use of our renewable electricity that will make the difference,” says Neal.
“Among a number of initiatives, Meridian is working to increase public knowledge and uptake of electric vehicles and we’re committed to playing our part in the conversion of large thermal-powered industrial plant to clean energy.”
“It’s an exciting time to be part of the solution,” says Neal.
The draft report suggests that New Zealand climate change policies have not to date been effective in reducing domestic emissions. For businesses, households, investors and consumers to manage the risks and seize the opportunities to shift to a cleaner future, we must identify where best to place our efforts. The analysis in this report will accelerate the pathway to success.