Govt ring-fences $60 million to investigate new geothermal energy
14 Nov 2024
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| Krafla geothermal power station in Iceland. PHOTO: CC BY-SA 3.0 |
The government is putting aside $60 million to investigate new geothermal energy generation technology, which has the potential to boost renewable energy output and slash emissions.
Story copyright © Carbon News 2024
Lodestone launches virtual rooftop solar scheme
Today 11:30am
A new virtual solar scheme launching in Hawke's Bay aims to make locally generated renewable electricity accessible to households and businesses that cannot install rooftop panels on their own properties.
Labour on overturning LNG: ‘we’d need to see the contract’
Tue 9 Jun 2026
By Pattrick Smellie | An incoming Labour government later this year would need “to look at the contract” before deciding whether it would be bound by the current government’s commitment to a user-pays funded liquefied natural gas terminal.
Importing LNG would raise costs and emissions: it’s a terrible decision for New Zealand
Tue 9 Jun 2026
COMMENT: Today’s announcement from the Government is political smoke and mirrors, with electricity users’ wallets still set to bear the brunt of the proposed LNG facility, writes Christina Hood.
Cabinet green-lights $55M super-critical geothermal drilling programme
Tue 9 Jun 2026
By Pattrick Smellie | Cabinet has agreed to release the $55 million unspent of the $60m secured by Resources Minister Shane Jones to drill up to 5 kilometres deep into super-critical geothermal heat under the Taupō volcanic zone.
Meridian nears Pūkaki approval despite energy security warning
Tue 9 Jun 2026
Meridian Energy is close to winning fast-track approval to draw Lake Pūkaki deeper than normally allowed, despite the Energy Minister warning the move could weaken New Zealand’s dry-year electricity security and saying he does not support the application in its current form.
Full steam ahead on LNG: but timing slips
Tue 9 Jun 2026
By Pattrick Smellie | The government is pressing ahead with plans to import liquefied natural gas, paid for by the ‘big four’ electricity generators, but its timetable is slipping closer to election day.
Diesel vs LNG – both high cost options for dry year cover
Mon 8 Jun 2026
By Pattrick Smellie | ANALYSIS: While last week’s Sapere report – looking at the Government’s proposed LNG terminal for electricity ‘dry year’ cover – says diesel would be better in the short-term, opting for diesel would lead to higher more volatile electricity spot prices in the next few years.
Waikato launches vision for energy transition bringing $4.5 billion investment to the region
Mon 8 Jun 2026
By Shannon Morris-Williams | Waikato Regional Council has released a strategy aiming to position the region at the centre of New Zealand's energy transition, with plans to boost energy security, cut emissions and unlock billions of dollars in economic opportunities by 2050.
Sustainable finance taxonomy for energy sector – consultation
Mon 8 Jun 2026
The Centre for Sustainable Finance is consulting on the sustainable finance taxonomy’s draft energy sector criteria.
LNG isn’t the best 'dry year' solution – new report
Thu 4 Jun 2026
By Liz Kivi | The Government’s proposed LNG import terminal isn’t the best solution for ‘dry year’ electricity security, according to a new report.
