New Zealand electricity producers face a 10-year moratorium on all new gas- or coal-fired power plants to help the country reduce greenhouse gas emissions. The nation’s Prime Minister also commits to 90% renewable electricity by 2025.
Electricity producers in New Zealand are now barred from constructing any new fossil fuel power plants for the next ten years, according to Bloomberg.com.
New Zealand already produces about 70 percent of its power from non-polluting and renewable energy sources, including wind, hydro-electric and geothermal generators. New Zealand’s Prime Minister, Helen Clarke, recently announced intention to commit to 90% renewable electricity by 2025 and the government is blocking construction of new gas-fired power plants to speed investment in wind and...
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