Transitioning to a low carbon future
To tackle the long-term challenge of climate change, the Government will also invest in research into cutting edge energy production.
The National New Energy Development centre will help create new business and jobs in Taranaki while helping New Zealand move towards clean, affordable, renewable energy and away from fossil fuels.
The Wellbeing Budget invests $27 million to set up the centre in Taranaki, alongside a further $20 million over four years to establish a new science research fund for cutting-edge energy technology so that we can look into the likes of organic photovoltaics (solar), super conductors, nanotechnologies and inductive power.
Megan Woods says the centre will work closely with industry to test and trial technologies across a range of new energy forms, such as offshore wind, hydrogen, solar, batteries, geothermal and waste-to-energy.