• New Zealand's government said it will initially allocate 2.9 billion New Zealand dollars over four years to fund a range of measures, from electric car incentives to phasing out coal boilers and helping farmers reduce methane emissions from livestock. | BLOOMBERG
    New Zealand's government said it will initially allocate 2.9 billion New Zealand dollars over four years to fund a range of measures, from electric car incentives to phasing out coal boilers and helping farmers reduce methane emissions from livestock. | BLOOMBERG

  • Bloomberg

  • SHARE

New Zealand will accelerate its adoption of electric vehicles and investigate hydrogen as an alternative energy source as it seeks to phase out fossil fuels and play its role in mitigating global warming.

Announcing its first emissions reduction plan Monday in Wellington, the government said it will initially allocate 2.9 billion New Zealand dollars ($1.8 billion) over four years to fund a range of measures, from electric car incentives to phasing out coal boilers and helping farmers reduce methane emissions from livestock.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)

, , ,