Just Transitions conference should focus on carbon capture and storage

The Just Transitions conference to be held in Taranaki next year should include a focus on carbon capture and storage technology, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ).

“It’s encouraging to see a focus on the best ways to lower emissions and minimise the impact of the transition on communities,” says PEPANZ CEO Cameron Madgwick.

“Our industry has a key part to play in this. Replacing coal with natural gas, offsetting and lowering emissions as well as carbon capture and storage (CCS) are some of the ways we are meeting this challenge.

“CCS is a reality today around the world and a project in Taranaki has been proposed. However, for it to happen in New Zealand we need a comprehensive regulatory framework. This will surely be an important topic at the conference.

“The future role of natural gas as a lower carbon energy source should also be an important topic, given global demand is expected to grow 45% by 2040. By developing New Zealand’s resources we can help other countries replace coal and lower their emissions, a win-win scenario for the economy and environment.”