Carbon capture framework to reduce emissions
A Carbon Capture, Utilisation and Storage (CCUS) framework has been released by the Coalition Government for consultation, providing an opportunity for industry to reduce net CO2 emissions from gas use and production.
Implementation of CCUS is estimated to reduce New Zealand’s net CO2 emissions by 4.65 megatonnes over the next two Emission Reduction Plan periods (2026-30 and 2031-35).