Source: Energy Resources Aotearoa
Energy Resources Aotearoa has released the 2025 update of the Energy Resources Net Zero Accord, demonstrating New Zealand’s energy sector is leading the way to cut emissions while keeping Kiwi homes and businesses supplied with the energy they need.
The Accord is an initiative led by Energy Resources Aotearoa to bring together companies from across the energy system to track emissions, share best practices, highlight projects and report openly on progress toward Net-Zero goals.
Since 2010, direct emissions from the petroleum sector have fallen by around 63 per cent. Emissions intensity (per tonne) is down by roughly 44 per cent. Significantly, venting and flaring from oil and gas production are close to 90 per cent below 2010 levels.
Economy-wide emissions linked to natural gas and LPG across production, processing, transport and use are about 29 per cent lower than in 2010.
Energy Resources Aotearoa chief executive and Accord convenor John Carnegie said the progress reflects years of collective effort by Accord partners across the country.
“These results come from engineers, operators and project teams who keep finding ways to use less fuel, recover more heat, prevent or use waste gas and fuels, and support customers who want to lower their own emissions.”
The Accord has once again expanded for 2025. Carbona and eNZoil have joined as new signatories, while Elemental and Mobil have become supporting partners, widening participation across the energy value chain.
The 2025 update draws together a set of projects that show how signatories and supporting partners’ actions are playing out across the country.
The Te Rahui solar farm near Taupō, a Todd-led initiative delivered by a partnership between Nova Energy and Meridian Energy, is expected to become New Zealand’s largest solar farm, with capacity of about 400 megawatts of renewable electricity once both project stages are complete.
Offshore, OMV has delivered a programme of upgrades on the Maui, Maari and Pohokura fields that reduce fuel use and emissions while keeping production running.
On the fuels side, Mobil has supplied its first shipment of Mobil Ethos+ Renewable Diesel R20, which contains at least 20 per cent hydrotreated vegetable oil refined from used cooking oil and can be used in existing engines and infrastructure.
Carbona is innovating to convert waste wood into high-value renewable fuels and carbon capture products. eNZoil is recycling transformer oil, thus reducing the need for new imports of oil and saving on those transportation costs and emissions.
Mr Carnegie said the Accord partners intend to keep building on this platform.
“Energy Resources Aotearoa and its Accord partners are inviting more producers, retailers, infrastructure owners and innovators to join the Accord and help build a secure, affordable, low-emissions energy system for New Zealand.”
The 2025 Accord progress update is available to view here:
