The case for energy loans: read our latest explainer
One News has covered the Investing in Tomorrow report, which shows that big household savings from electrification add up to big national savings. As Dr Saul Griffith says about the $29 million day that New Zealand could save if we swapped out fossil fuel machines for electric equivalents and ran them off renewable electricity from the grid, rooftop solar and batteries: "It's nice to be able to make the carrot that large because I think it focuses the policy mind on how to get there."
He said a "wartime level of effort" is required to have a chance at mitigating the very worst effects of climate change, as set out in the Paris Agreement targets.
"This is an uncomfortable thing to say. I believe in capitalism, but you have to go faster than the free market can go. You need to replace all of the machines that burn fossil fuels faster than their actual lifetimes, with machines that don't."
Everyone is rocking on down to Electric Avenue today (this one online, not that other small one in Hagley Park in Christchurch), so let's ride the lightning: profits and electricity prices keep going up, as panels keep going down; a new paper puts a number on how much more homes with solar sell for; we're bottling things up with big and small batteries and they are eating into gas in Australia and California; transport emissions drop across the Tasman as a result of Government EV incentives, while HEB Construction electrifies its fleet; electrons are coming from above in China; and Xpeng announces the arrival of a crazy looking electric van/aircraft carrier.
Read moreDownloadWarren G and Nate Dogg said it best when they said: 'Regulators, mount up!' - and this week, they have.In a rare joint open letter, three different regulators - EECA (Energy Efficiency and Conservation Authority), the Commerce Commission and the Electricity Authority - have basically told the lines companies to pull their socks up and make the most of ‘non-network solutions’ (AKA stop building more expensive poles and wires and start looking at customers and new technology as part of the solution!).
Read moreDownload"The LNG announcement from earlier this month has set the stage: electricity, and the energy sector more broadly, is set to be a major election issue this year. Casey has compared electricity to telecommunications, an area where services have become much cheaper in the last decade with technology advancing. “There are supply challenges for the grid and natural gas, and increasing pressure to find sustainable alternatives as reliance on fossil fuels becomes less viable,” he wrote in a Newsroom piece earlier this month, heralding the “electric election”.
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