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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."
New South Wales gets the memo about the importance of finance and announces scheme offering zero interest loans to households to upgrade to electric stuff; plug-in solar gets the tick of approval to go on sale in the UK soon and the New York Times says it could 'change America'; EVolocity takes electrification to the streets to gets the kids inspired (and eventually employed); a tour of the amazing recycling business Redwood Materials; Think Solar and BYD give it away now; and a skit that cuts close to the bone for many solar dads.
Read moreDownloadAdvances in technology and falling costs mean customer-owned solar and batteries can play a critical role in New Zealand’s energy infrastructure - improving affordability, resilience and sustainability. Multiple trading relationships (MTR) and peer-to-peer trading would enable this potential by increasing competition, customer choice, and innovation in the electricity market, unlocking greater consumer benefits from customer solar and batteries.
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