* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 31, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

  • 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

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

  • 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

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    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

Predicting invasion costs from sparse data – Nature

Unlocking the Secrets of Invasion Costs: Insights from Sparse Data

May 31, 2025
High school science teacher’s advice leaves lasting mark on student – MSN

How a High School Science Teacher Inspired a Lifelong Passion for Learning

May 31, 2025
RFK Jr. threatens to bar government scientists from publishing in leading medical journals – Politico

RFK Jr. Vows to Restrict Government Scientists from Publishing in Top Medical Journals

May 31, 2025
Monique Thomas gifts love with Stem & Story Studio – Jamaica Gleaner

Monique Thomas gifts love with Stem & Story Studio – Jamaica Gleaner

May 31, 2025
Texas vs. Florida: 2025 Women’s College World Series Game 1 | Extended highlights – NCAA.com

Texas vs. Florida: 2025 Women’s College World Series Game 1 | Extended highlights – NCAA.com

May 31, 2025
Proposed URI medical school could fill doctor shortage, boost economy, draft report finds – The Public’s Radio

New URI Medical School: A Solution to Doctor Shortages and Economic Growth!

May 31, 2025
Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

Get Ready to Race: The Ultimate Beer Run Experience Awaits!

May 31, 2025
Trump administration ‘MAHA’ health report cited nonexistent studies – Reuters

Trump Administration’s ‘MAHA’ Health Report: Uncovering the Truth Behind Questionable Studies

May 31, 2025
Tributes pour in honoring legacy of legendary politician John Thrasher – Florida Politics

Celebrating the Enduring Legacy of Legendary Politician John Thrasher

May 31, 2025

Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

May 31, 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 (653)
  • Economy (668)
  • Entertainment (21,574)
  • General (15,252)
  • Health (9,710)
  • Lifestyle (670)
  • News (22,149)
  • People (670)
  • Politics (676)
  • Science (15,890)
  • Sports (21,172)
  • Technology (15,655)
  • World (656)

Recent News

Predicting invasion costs from sparse data – Nature

Unlocking the Secrets of Invasion Costs: Insights from Sparse Data

May 31, 2025
High school science teacher’s advice leaves lasting mark on student – MSN

How a High School Science Teacher Inspired a Lifelong Passion for Learning

May 31, 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