The government has committed an extra $16.2 million to the Government Investment in Decarbonising Industry fund in the fourth round of its project to reduce industrial emissions.
Prime Minister Chris Hipkins visited the Auckland-based Chelsea Sugar Factory, which previously received funding during the project’s second round. Since receiving that funding, Chelsea Sugar has reduced its emissions by 10 percent, equivalent to roughly 2700 tonnes per year.
He announced the government would contribute funding to a further 15 businesses through the GIDI fund for decarbonisation, including almost $3m towards Fonterra’s operations in the North Island.
“What we’re also showing is that moving off fossil fuels and going green is good for business,” Minister of Energy and Resources Megan Woods said.
“So far we have co-funded 66 major industrial decarbonisation projects in total, with all set for completion by December 2027.”
“[They] will reduce carbon emissions by 38,354 tonnes each year, which is equal to taking approximately 14,200 cars off the road – that’s more than the total number of cars in Wānaka,” she said.
Chris Hipkins also announced his intention to expand renewable electricity farms.
The prime minister also declared his intention to expand renewable electricity farms to ensure that electric appliances like EVs could be powered from sustainable sources.
Woods said the government planned to cut the “red tape” slowing down the expansion of solar and wind farms and speed up the consenting process.
Credit: radionz.co.nz
