ASB's Sustainable Economics report recommends New Zealand heavily electrify energy use to reach net zero emissions by 2050, focusing on transport and industry.
ASB's Sustainable Economics report calls for New Zealand to heavily electrify its energy use to reach its net zero emissions target by 2050. With 70% of emissions in the target's scope tied to fossil fuel energy, switching to renewable electricity offers significant potential for reduction. Transport and industry, as major users of fossil fuels, will likely lead the transition to electric alternatives and reduced vehicle usage.
March 25, 2024
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