Today’s release of the Government’s Emissions Reduction Plan marks a vitally important step towards decarbonising the
economy. It sends important signals for where our collective efforts will need to be invested, and what actions the
government will take to encourage and coordinate that activity.
It helps build confidence that New Zealand has a realistic plan to transition to a low carbon economy. The challenges
remain very significant to achieve net zero emissions, but they are not insurmountable. It will require a collective
effort involving all sectors, government and Kiwis to manage a transition that genuinely achieves the emissions
reductions whilst ensuring that it is fair and equitable.
All Kiwis should have equitable access to low carbon transportation and lifestyle options. Public and private sectors
must work together to best address the challenges of affordability and access. We’re ready to help with that.
From an electricity standpoint, there is much to be confident about. Our electricity is already low emissions and our
renewability is growing, with our total electricity supply expected to over 90% renewable in the next 3-5 years.
The sector has an outstanding renewable generation pipeline to meet anticipated growth in demand. This includes our own
Turitea wind farm in the Manawatū which will be New Zealand’s largest wind farm, with enough generation to power
approximately 375,000 EVs.
We are in a great place to support other sectors like transportation and industry in their own decarbonisation efforts.
Turitea shows what can be achieved when the sector is able to respond to clear and consistent signals. We’re looking
forward to doing our part to help lead New Zealand’s transition to a zero emissions future.
Vince Hawksworth, Mercury Chief Executive
ENDSFor media queries, please contact:
Shannon Goldstone, Head of Communications
027 210 5337
media@mercury.co.nzABOUT MERCURY NZ LIMITED
We generate electricity from 100% renewable sources – hydro, geothermal and wind. We also sell electricity to our customers through our retail brands – Mercury, Trustpower
and GLOBUG.
We’re listed on the New Zealand Stock Exchange and the Australian Stock Exchange with foreign exempt listed status.
We’re listed on both exchanges with the ticker symbol ‘MCY’. The New Zealand Government (the Crown) holds a legislated
51% shareholding in the Company.
Visit us at: www.mercury.co.nz