News that our neighbour across the ditch is switching off fossil fuels in favour of renewables will have sent a shudder through the corridors of power this week. For New Zealand has announced that it will close its last two coal mines by 2018 and aim towards a 90 percent renewable energy target by 2025.
The New Zealand decision to support renewables has been forced on the Shaky Isles due to the increasing cost competitiveness of renewables such as solar, wind, hydro and geo-thermal and an growing lack of demand for fossil fuel-based energy. [Read more…]
Currently Raging Debates: