. Nevertheless, energy is needed to support many economically important industries and fuel day-to-day living in the country. New Zealand’s energy mix is diverse, including fossil fuels, such as oil and gas, and renewables such as geothermal and hydro energy. To mitigate the sector’s greenhouse gas emissions, the New Zealand Government has set a target of 50 percent renewable energy consumption by 2035 and 100 percent renewable electricity by 2030.
Energy supply and demand
The
transport sector had the largest energy demand in New Zealand, followed by the industrial and residential sectors. Oil and natural gas are two of the
main sources of the country's primary energy supply. With the closure of Marsden Point, New Zealand’s only oil refinery, all of the refined petroleum products used as energy are imported. On the other hand, New Zealand does not import or export natural gas. , Extraction of gas occurs at both onshore and offshore fields located in Taranaki and is further distributed throughout the North Island via high-pressure gas transmission pipelines before being sold to consumers by gas retailers. New Zealand's
electricity demand was led by industrial, residential, and commercial sectors.
Renewables and emission targets
The New Zealand government has recently committed to sourcing 100 percent of the country's electricity from renewable sources by 2030 and 50 percent of primary energy consumption by 2035. These ambitious plans mirror global trends, with many countries working towards becoming primarily fueled by renewable energy. The country's renewables sector includes geothermal, hydroelectricity, and biofuels with a smaller contribution from wind and solar energy sources. Although New Zealand had one of the
highest rates of renewable energy as a portion of primary supply in the OECD, a significant percentage of energy is still derived from fossil fuels. In terms of meeting electricity targets, New Zealand has abundant
renewable resources that are already used to supply around 87 percent of its electricity needs.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
