New Zealand: Progress in the Pacific
Ambitious targets on emissions must be met alongside economic growth
Earlier this year, net migration to New Zealand hit a record high, according to some estimates. The fast pace of economic expansion, not to mention some breathtaking scenery and a purported laid-back island lifestyle have all made the Pacific country desirable for incomers. But while net migration of more than 70,000 people per year hints at the success story of economic growth at almost 3% annually, to a GDP of $185bn last year, New Zealand has some challenges ahead in its energy sector. A Paris agreement target of reducing emissions by 30% by 2030 compared with 2005 levels is "ambitious", admits John Carnegie, secretary of the World Energy Council's New Zealand committee and executive dire
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
