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Addressing New Zealand’s energy challenges will necessitate more proactive and inclusive policy co-ordination by government and regulatory authorities than that practiced since the late 1980’s.
This report recommends a suite of policy reforms to help drive the transition. These include introducing emissions standards for newly registered vehicles, a feebate scheme to accelerate the uptake of EVs, and mandatory climate-related financial disclosures.
The overall finding is an essential message for New Zealand – the transition to a low emissions economy is achievable, but will be challenging. Effort is required across many areas. Stable and credible climate policy is essential for long-term change.