The case for energy loans: read our latest explainer
"Combined, New Zealand homes and businesses are currently spending around $55 million every day or $20 billion per year on fossil fuels, most of which are imported," says Saul Griffith. "Approximately two-thirds of New Zealand’s total energy needs are met by burning these expensive fossil fuels. But this country is one of the first in the world to cross an ‘electrification tipping point’, where the cost of buying and financing electric machines is cheaper over the long run than using fossil fuels. That leads to savings for individual households and it could lead to huge savings for the country as a whole.”
Read moreDownload the document hereEnsuring more electric vehicles can run on New Zealand-made energy needs to be seen as an issue of national security and dual fuel peakers that can run on gas or diesel can help solve the dry year issue while also improving diesel storage, unlike the LNG import terminal.
Read moreDownload