Vector Limited

10/13/2021 | Press release | Distributed by Public on 10/12/2021 19:39

Vector comments on release of Government’s Emissions Reduction Plan discussion document

Commenting on the release of the Government's Emissions Reduction Plan discussion document, Vector Group Chief Executive Simon Mackenzie says, "This is a critical time for us as we set a pathway for decarbonisation, and it's important we get it right.

"Ensuring an equitable transition towards our low carbon energy system is essential so that future generations aren't left with high decarbonisation costs", said Mr Mackenzie.

"We need to take the opportunity now to set in place meaningful targets - including the four transport targets proposed in the discussion document - and a regulatory and policy framework that supports the investments and technologies needed to deliver an affordable, well-managed energy transition. This must include a framework for a larger role for customer demand response in accommodating increased electricity demand, including how EVs will integrate into this, and a managed transition away from fossil gas that includes a new transitional agreement between Government and the gas industry.

"Vector is taking steps already, for example by trialling EV smart charging to flatten extra demand from EVs, keeping future charging infrastructure costs down.

"We look forward to continuing to engage on what could be included in the Plan and how we can work with Government to make it happen".