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New Zealand is back open for business
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
New Zealand backs gas, but results take time
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
Oil and gas now has green licence
The hydrocarbons industry must start to deliver in 2024 on the quiet approvals granted at last year’s COP, which was also dubbed ‘Conference of the Petrostates’
Innovation accelerates drive to sustainability
For Earth Day we focus on the headway made in recent years to improve sustainability and consider future challenges
Outlook 2023: Our industry is ideally placed to address the energy trilemma
Lowering the carbon intensity of oil and gas production will be a key consideration in the years to come
Cash-rich oil and gas sector eyes next investments
The industry might be poised to spend significant sums on low-carbon projects
Jadestone advances in Australia but drops NZ plans
Regulatory clarity and swiftness allow the firm to make a rapid move into the North West Shelf, in contrast to its withdrawal from Maari
China’s energy demand faces headwinds
Economic difficulties mean the outlook for H2 remains highly uncertain despite planned stimulus measures
Letter from South America: Petro plots course for transition
Colombia’s new president has no interest in arresting decline in the country’s oil and gas production
New Zealand Electric cars Electricity Low carbon energy markets Renewables
Beth McLoughlin
11 October 2017
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New Zealand: Progress in the Pacific

Ambitious targets on emissions must be met alongside economic growth

Earlier this year, net migration to New Zealand hit a record high, according to some estimates. The fast pace of economic expansion, not to mention some breathtaking scenery and a purported laid-back island lifestyle have all made the Pacific country desirable for incomers. But while net migration of more than 70,000 people per year hints at the success story of economic growth at almost 3% annually, to a GDP of $185bn last year, New Zealand has some challenges ahead in its energy sector. A Paris agreement target of reducing emissions by 30% by 2030 compared with 2005 levels is "ambitious", admits John Carnegie, secretary of the World Energy Council's New Zealand committee and executive dire

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The economic and environmental cost of the seven-year exploration ban will be felt long after its removal

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