In 2018, the New Zealand Government decided not to grant any new petroleum prospecting, exploration and mining permits outside onshore Taranaki. The decision, which is effectively a ban, does not affect any existing permits or prevent the government from granting new permits for onshore Taranaki.
The aim of this report is to extend the existing analysis by providing an assessment of what is known about the environmental effectiveness and likely economic impacts of the ban. It does not attempt to advocate for or against the ban. Its intention, rather, is to promote a better-informed debate about its relative merits given that there is cross-party support for the global temperature goals of the Paris Agreement and New Zealand’s 2050 target under the Climate Change Response Act