* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

    The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

    Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

    The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

    Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Renewables targets likely to be missed without funding, market reforms

October 28, 2023
in Business
Renewables targets likely to be missed without funding, market reforms
Share on FacebookShare on Twitter

Navigation for News Categories

Renewable energy concept - photovoltaics and wind turbines on a grass field. 3d illustration.

The report said communities needed to be empowered to develop their own energy solutions.
Photo: 123RF

An energy sector report suggests unrealistic targets and uncertainties will make it difficult to meet 2030s renewable energy targets.

KPMG has produced an industry report, based on the opinion of 30 industry exports, highlighting concerns about unrealistic renewable targets, regulatory uncertainties, high costs, the lack of an energy strategy and an “unjust” transition.

“For example, the people who would benefit most from electric vehicles or solar panels are often the least likely to be able to afford them,” Ara Ake chief executive Cristiano Marantes said in the report.

“This challenge is then compounded by the lack of infrastructure in many communities and the disproportionate understanding of these technologies, too.”

The report said communities needed to be empowered to develop their own energy solutions.

Report author and KPMG partner Greg Bishop said the wellbeing of people who will be hurt by the transition to renewable energy was a concern shared by the wider industry.

He said those in lower socio-economic groups would be adversely affected. “And we think there’s a need here for the government to look pretty hard at that.

“It’s going to be a difficult social problem to solve, but it does need careful thought and it does need some solutions.”

The lack of a comprehensive plan to support long-term investment planning was another area of concern.

“The amount of investment that needs to be made in just the next seven years alone is on the order of $42 billion,” Bishop said. “That’s $6 billion a year. These are substantial sums of money that need to be spent.”

The 100-page report offered a wide range of opinions on what it would take to meet the targets, with feedback from all sectors of the industry, including generators, transmission, distributors and users.

Bishop said the tone of the comments was largely positive.

‘Let young, intelligent people have a go’

Contact Energy chief executive Mike Fuge said government intervention was holding back the transition.

“Government intervention in our energy transition is an old solution. We need new approaches to let young, intelligent people have a go – only then will it progress.”

Jolie Hodson.

Jolie Hodson
Photo: Spark

Spark chief executive Jolie Hodson said the energy transition needed to also focus on energy conservation.

“It’s about using less energy and adapting our usage to suit renewable energy and low-carbon technologies. To achieve this, our energy system will need to be smarter, more connected and more coordinated.”

Energy Collective chief executive Luke Blincoe said the energy market needed to be reformed to better manage peak energy demand.

“Demand-side innovations to reduce peaks has largely failed because the major players are incentivised to continue to see high peak prices.”

Methanex managing director Stuart McCall said methanol still had a role to play in the transition to net-zero by 2050.

“There is a growing demand for methanol as a key component in lower emission solutions like electric vehicles, wind turbines and solar panels. Methanol can also be used as a cleaner-burning fuel to support shipping to decarbonise.”

He said 60 percent of the world’s methanol production came from natural gas, 40 percent from coal, and a small, but growing amount from renewable sources. However, New Zealand was not producing enough to meet demand.

“If we do not produce methanol here in New Zealand from gas, then it would be made overseas from coal and contribute to higher global emissions.”

Transpower general manager Chantelle Bramley said there needed to be more confidence in our energy system – confidence that we can deliver to winter peaks.

“We need new and upgraded infrastructure. New Zealand has not built significant new transmission for a generation. In the global race to decarbonise, we need to be clear where we stand.”

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/national/501002/renewables-targets-likely-to-be-missed-without-funding-market-reforms-report

Tags: businessRenewablestargets
Previous Post

International auditor hones in on Gisborne forestry practices

Next Post

Demand for consumer credit continues to increase

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

May 10, 2025
Yolk’s on you – eggs break less when they land sideways – theregister.com

Egg-cellent Discovery: Why Eggs Break Less When They Land on Their Side!

May 10, 2025
How Science and Culture Are Under Attack—and What We Can Do About It – Greater Good: The Science of a Meaningful Life

Defending Science and Culture: Strategies for a Resilient Future

May 10, 2025
Lifestyle choices can help keep memory exercised, functioning – St. Louis Jewish Light

Boost Your Memory: How Lifestyle Choices Can Enhance Brain Function!

May 10, 2025
2025 IIHF Men’s World Championship Preview – NHL.com

Get Ready for the Thrills: A Sneak Peek at the 2025 IIHF Men’s World Championship!

May 10, 2025
Germany’s new economy boss has a plan — and it starts with risk, speed and big bets – CNBC

Germany’s New Economy Chief Unveils Bold Strategy: Embracing Risk, Speed, and Ambitious Investments!

May 10, 2025
The Weeknd made the apocalypse sexy at his 2025 tour launch in Arizona – Yahoo

The Weeknd Turns Up the Heat at His 2025 Tour Launch in Arizona!

May 10, 2025
‘Alias’ Actor Is Unrecognizable After Unexpected Health Diagnosis – parade.com

Shocking Transformation: ‘Alias’ Actor Unrecognizable After Surprising Health Diagnosis!

May 10, 2025
Opinion | The Politics of Medicaid Reform – WSJ

Navigating the Complex Landscape of Medicaid Reform: A Critical Perspective

May 10, 2025
Comings and goings: MPT hires VP of technology, NPR announces changes to Business Desk – Current – For people in public media

Exciting Leadership Changes: MPT Welcomes New VP of Technology and NPR Revamps Business Desk!

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (598)
  • Economy (609)
  • Entertainment (21,522)
  • General (15,210)
  • Health (9,651)
  • Lifestyle (614)
  • News (22,149)
  • People (612)
  • Politics (616)
  • Science (15,831)
  • Sports (21,119)
  • Technology (15,599)
  • World (599)

Recent News

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

Coupling coordination development of water resources-economy-ecology system in Shanxi Province based on system dynamics – Nature

May 10, 2025
Yolk’s on you – eggs break less when they land sideways – theregister.com

Egg-cellent Discovery: Why Eggs Break Less When They Land on Their Side!

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version