New Zealand Renewable Energy Policy Handbook 2022 Update
All the vital news, analysis, and commentary curated by our industry experts.
New Zealand Renewable Energy Report Overview
In its Nationally Determined Contributions (NDC), New Zealand has pledged to decrease the country’s GHG emissions by 50% from 2005 levels by 2030. The government is also considering the phase-out of coal-fired power plants by 2027, however, a definitive decision is yet to be made.
The New Zealand renewable energy policy handbook offers comprehensive information on major policies governing the renewable energy market in the country. The report also discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of the overall growth potential of the renewable energy industry. Moreover, the report provides major technology-specific policies and incentives provided in the country.
|GHG Reduction (by 2030)||50%|
|Major Policies & Incentives||Energy Strategy 2011-2021 (Energy Strategy 2050), Energy Efficiency and Conservation Strategy, 2017-2022, National Policy Statement for Renewable Electricity Generation, Buy-back Rates for Solar Power, Emissions Trading Scheme (ETS), Zero Carbon Bill, Bioenergy Initiative, Crown Loans Programme, and Maori & Public Housing Renewable Energy Fund.|
New Zealand Renewable Energy Market Dynamics
The Ministry for Business, Innovation, and Employment (MBIE) acts as the regulatory steward of New Zealand’s energy regulatory system and is responsible for developing regulatory policy in the energy sector. The Electricity Authority (EA) oversees the efficient operation of the electricity industry, undertakes market facilitation measures, and monitors and enforces compliance with electricity market rules. The EA is also responsible for the Electricity Industry Participation Code 2010.
New Zealand’s renewable power sector has grown rapidly in recent years, on account of several incentive programs and subsidies rolled out by the government in the form of tax reliefs, capital cost grants, and favorable power tariffs for renewable power. Apart from these incentives, the government ensures priority dispatch for power from renewable sources and enforces quota obligations on the stakeholders.
For more insights on the New Zealand renewable energy dynamics, download a free sample reports
Major Policies & Incentives in the New Zealand Renewable Energy Market
Some of the major policies & incentives in the New Zealand renewable energy market are the Energy Strategy 2011-2021 (Energy Strategy 2050), Energy Efficiency and Conservation Strategy, 2017-2022, National Policy Statement for Renewable Electricity Generation, Buy-back Rates for Solar Power, Emissions Trading Scheme (ETS), Zero Carbon Bill, Bioenergy Initiative, Crown Loans Programme, and Maori & Public Housing Renewable Energy Fund.
Energy Strategy 2011-2021 (Energy Strategy 2050): The New Zealand Energy Strategy (NZES) was first introduced on 11 October 2007, to maintain a feasible, low emissions energy system and explain the steps that will be taken to make this aim a reality. NZES addresses the country’s core energy challenges, namely the need to cut in response to climate change and provide clean, secure, economical energy while accounting for the environment.
National Policy Statement for Renewable Electricity Generation: The National Policy Statement for Renewable Electricity Generation 2011 (NPS REG) sets out the objectives and policies for renewable electricity generation under the Resource Management Act 1991. The primary objective of the policy is to recognize the national significance of renewable electricity generation activities by providing for the development, operation, maintenance, and upgrading of new and existing renewable electricity generation activities.
Zero Carbon Bill: In November 2019, the New Zealand parliament unanimously passed the Zero carbon bill, showing their commitment to the Paris Agreement into law. The Zero Carbon Bill proposes to set a new 2050 target to reduce emissions. The bill also aims to reduce emissions of long-lived gases (including carbon dioxide and nitrous oxide) in New Zealand to net zero by 2050, while stabilizing emissions of short-lived gases (including methane) either at current or reduced levels.
To know more about renewable energy policies & incentives in New Zealand, download a free report sample
- The report covers policy measures and incentives used by New Zealand to promote renewable energy.
- The report details promotional measures in New Zealand both for the overall renewable energy industry and for specific renewable energy technologies that have potential in the country.
Reasons to Buy
The report will enhance your decision-making capability in a more rapid and time-sensitive manner. It will allow you to:
- Develop business strategies with the help of specific insights about policy decisions being taken for different renewable energy sources.
- Identify opportunities and challenges in exploiting various renewable technologies.
- Compare the level of support provided to different renewable energy technologies in the country.
- Be ahead of the competition by keeping yourself abreast of all the latest policy changes.
Table of Contents
Table of Contents
1. New Zealand Power Market, Regulatory Scenario
1.1 Renewable Energy Market, Overview
1.2 New Renewable Energy Target for New Zealand
1.3 Energy Strategy, 2011-2021 (Energy Strategy 2050)
1.4 Energy Efficiency and Conservation Strategy, 2017-2022
1.5 Hydrogen Energy
1.6 Climate Change and Sustainability Agenda
1.7 National Policy Statement for Renewable Electricity Generation
1.8 Buy-back Rates for Solar Power
1.9 Emissions Trading Scheme (ETS)
1.10 Zero Carbon Bill
1.11 Bioenergy Initiative
1.12 Crown Loans Programme
1.13 Maori & Public Housing Renewable Energy Fund
2.2 Market Definitions
Modelling and Forecasting
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Frequently asked questions
How much New Zealand has planned to reduce GHG emissions in its NDC?
In its Nationally Determined Contributions (NDC), New Zealand has pledged to decrease the country’s GHG emissions by 50% from 2005 levels by 2030.
What are the major policies & incentives in the New Zealand renewable energy market?
Some of the major policies & incentives in the New Zealand renewable energy market are Energy Strategy 2011-2021 (Energy Strategy 2050), Energy Efficiency and Conservation Strategy, 2017-2022, National Policy Statement for Renewable Electricity Generation, Buy-back Rates for Solar Power, Emissions Trading Scheme (ETS), Zero Carbon Bill, Bioenergy Initiative, Crown Loans Programme, and Maori & Public Housing Renewable Energy Fund.
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