Judith Collins manages to look like both simultaneously.
Disturbing and yet predictable.
Disturbing and yet predictable.
Politics đłď¸ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
It wasn't banned It was the new applications that were stopped.
Sounds like an amazing regulatory environment to invest in. No risk at all.
Was any gas exploration undertaken after 2018?
NZWarriors.com
Maybe looking at other sources instead of fossil fuels.
Then itâs tax payer funded
Not sure Frank. Not in my area of expertise
NZWarriors.com
Doesnât seem like it. Last permit was surrendered in 2021 apparently . Doubt any was done 2018 -2021. Especially with the govt signalling it was anti gas. Which is crazy since wind and solar need MORE gas to firm.
So no new permits, effectively a ban on new exploration, no better alternatives available and if there were, were incredibly cost prohibitive, supply dropped, prices rose and the previous government thought they better start on a transition plan away from gas, years after effectively banning it. As the article says, long term certainty and a plan goes a long way. Basically the complete opposite of what happened.
More electricity generation capacity coming on line in the next 5-7 years. Electricity costs will come down
NZWarriors.com
Flexible generation?
Solar, wind and battery/storage. Consented and under construction
It wonât shoot the lights out but we are planning on lower unit prices in the near term
Love your analogy there defensivebomb
NZWarriors.com
So inflexible wind and solar and short term battery storage. Meaning you will be more reliant on gas as the price setter.
You guys have a great hedge with hydro, but wind+solar and batteries just means more gas. We are experiencing this pain in Australia right now.
Yikes. You guys are having to revert back to diesel
Big new diesel power plant will help in energy crises, says Marsden Point chief
Once, govt looked to build a zero carbon green power plant at the Northland oil terminal; now things have changed. Jonathan Milne reports.
newsroom.co.nz
@John Nick hereâs a 30 day snapshot of the Aus market. As you can see battery and gas enjoy higher prices than coal. Solar and wind are both lower of course but thatâs masked by the prices being negative (worthless) during peak supply.
NZWarriors.com
- Thread starter
- #21,616
Love your humourThis government is so utterly destructive
Lost in transition: The businesses trapped by New Zealandâs energy crisis
Behind the nation's energy crisis are businesses quietly fighting to survive - many feel they have nothing but bad options.www.rnz.co.nz
Some people would complain at a funeral if anyone was dressed in blue!
One of the main reason any government needed to review the RMA is that it was set at the lowest denominator and is extremely punitive. It basically assumed that every application was going to destroy the environment or an area of cultural significance or destroy the livability within a neighbourhood.
The other issue is the inflexibility within the Building Act meaning councils couldnât control things like the area or volume of excavation, stormwater area controls, impervious and pervious areas couldnât be controlled by a building consent but forcing people to get a resource consent.
Most other countries have moved their versions of the RMA to move beyond being punitive to understanding that a lot of their controls were limiting the explanation of green energy solutions. So they changed what applications needed approval (ie ones which adversely effect the environment or areas of cultural significance) but reduced/removed the need for their version off a resource consent for project such as green power generation projects along with the volume of information required for approval and who needed to be consulted or permission required.
Problem with NZ, is weâre too tribal and our major political parties aligned too much to their followers/ financial employers to do this properly. Labour didnât go far enough in recognising the need to make it easier for green projects to be undertaken while National will be too willing to sacrifice the environment in the name of âprogressâ and âproperty rightsâ.
National went too far with the fast track process for projects and should have limited to only those projects like green energy which wouldnât have effects on areas of cultural significance or the environment.
There was the opportunity for both parties to get it rightâŚ.. but neither have/did. Too worried about the election cycle and their backers than to look at the best way to allow progress without cultural or environmental compromise.
The other issue is the inflexibility within the Building Act meaning councils couldnât control things like the area or volume of excavation, stormwater area controls, impervious and pervious areas couldnât be controlled by a building consent but forcing people to get a resource consent.
Most other countries have moved their versions of the RMA to move beyond being punitive to understanding that a lot of their controls were limiting the explanation of green energy solutions. So they changed what applications needed approval (ie ones which adversely effect the environment or areas of cultural significance) but reduced/removed the need for their version off a resource consent for project such as green power generation projects along with the volume of information required for approval and who needed to be consulted or permission required.
Problem with NZ, is weâre too tribal and our major political parties aligned too much to their followers/ financial employers to do this properly. Labour didnât go far enough in recognising the need to make it easier for green projects to be undertaken while National will be too willing to sacrifice the environment in the name of âprogressâ and âproperty rightsâ.
National went too far with the fast track process for projects and should have limited to only those projects like green energy which wouldnât have effects on areas of cultural significance or the environment.
There was the opportunity for both parties to get it rightâŚ.. but neither have/did. Too worried about the election cycle and their backers than to look at the best way to allow progress without cultural or environmental compromise.
Learned a new term from an American commentator âright to buildâ
NZWarriors.com
Thanks Frank. My comment was to correct your statement about gas exploration being canceled by the previous government which was factually incorrect.
It was only NEW exploration permits that were not being accepted
. I don't often post on the politics forum because of the misinformation that we have to put up with. Have a good one
- Thread starter
- #21,620
Iâve been reading about how the world has entered a K shaped economy post COVID. This is where different groups or sectors split where areas of the economy rise (the upper arm of the K) while others fall (the lower arm).
The winners:
- very high income
- asset owners
- technology companies and workers
The losers:
- average and low wage workers
- Most small and medium businesses not exposed to tech
This has been caused by:
- rapid AI adoption
- high inflation
- high interest rates
- high skill shortage but low skill oversupply
Takeaways: Middle class (and success) used to be divided by income, now itâs by capital and investments. If you rely on income you cannot get ahead - youâre competing with global workers and technology that can outperform you. Wage growth globally has been below inflation since Covid.
Owners of stores of wealth (houses and investments) are sheltered as the inflation erodes earnings, assets still rise (CGT just makes capital owners equally poor instead of fixing the underlying issues).
Solution: Time. Simplified - Productivity gains from technology will eventually kick in lowering inflation to match wage inflation. The economy will further move to more service, entertainment and personalised jobs not able to be automated and not competing with overseas companies.
The winners:
- very high income
- asset owners
- technology companies and workers
The losers:
- average and low wage workers
- Most small and medium businesses not exposed to tech
This has been caused by:
- rapid AI adoption
- high inflation
- high interest rates
- high skill shortage but low skill oversupply
Takeaways: Middle class (and success) used to be divided by income, now itâs by capital and investments. If you rely on income you cannot get ahead - youâre competing with global workers and technology that can outperform you. Wage growth globally has been below inflation since Covid.
Owners of stores of wealth (houses and investments) are sheltered as the inflation erodes earnings, assets still rise (CGT just makes capital owners equally poor instead of fixing the underlying issues).
Solution: Time. Simplified - Productivity gains from technology will eventually kick in lowering inflation to match wage inflation. The economy will further move to more service, entertainment and personalised jobs not able to be automated and not competing with overseas companies.
