Revenue from oil royalties falls 40% as production collapses
Today 12:15pm
Government revenue from New Zealand’s oil, gas and minerals sector fell sharply in 2024–25 as petroleum production slumped across most fields, according to new Mining Industry Statistics from New Zealand Petroleum & Minerals.
Story copyright © Carbon News 2025
Cheaper power and lower emissions for Chatham Islands funded by ETS revenue
Wed 26 Nov 2025
By Liz Kivi | The government has hailed the success of a wind turbine project for the Chatham Islands paid for by Emissions Trading Scheme revenue from a fund the Coalition Government has since canned.
NZ’s energy system at a crossroads – report
Fri 21 Nov 2025
A new report says New Zealand’s rapid shift toward a 95% renewable electricity system is at a critical turning point, urging faster consenting, stronger firming solutions and better grid planning.
New partnership to fast-track grid connections for major renewable and storage projects
Fri 21 Nov 2025
Powerco Transmission Services (PTS) has signed a new agreement with Kākāriki Renewables to streamline delivering large-scale wind, solar, and battery projects across New Zealand, in a move intended to accelerate the country’s transition to a low-emissions energy system.
Southland windfarm plan moves through Fast Track process
19 Nov 2025
By Matthew Rosenberg, Local Democracy Reporter | A $1.1 billion Southland windfarm proposal has reared its head at a regional council after facing rejection earlier this year.
Act-NZ First split over future of the energy sector
14 Nov 2025
Act leader David Seymour has set out an energy policy platform that diverges sharply from coalition partner NZ First, arguing New Zealand must accept coal-fired backup generation, consider nuclear power, remove political interference from the electricity sector and sell down the government’s majority stakes in the gentailers.
Regulator signs off on deal to retain Huntly capacity
11 Nov 2025
The Commerce Commission has authorised the Huntly Firming Option (HFO), allowing Contact Energy, Meridian Energy and Mercury NZ to pay Genesis Energy to keep one of its ageing Rankine units available as backup generation until December 2035.
Govt gas expansion 'climate vandalism' – Greens
7 Nov 2025
By Shannon Morris-Williams | The Green Party has labelled the Government’s move to broaden the scope of its $200 million fossil gas investment fund as vandalism, accusing Prime Minister Christopher Luxon of breaking trust with New Zealanders.
Here comes the sun: solar surge gathers pace
4 Nov 2025
More than $700 million of new solar investment advanced last week, underscoring the pace of the renewable buildout.
Scrutiny on energy security
3 Nov 2025
A special debate in Parliament put the Government’s energy security agenda under scrutiny, with parties splitting sharply over the role of gas, the place of an LNG import terminal, and how far to push market reform to ease pressure on power bills.
