Renewable energy has made the news this week, bringing into focus New Zealand’s goal of reaching 100% renewable energy by 2050. With 90% of electricity already coming from renewable sources, NZ is ahead of the game compared to Europe and the US – however significant upgrades are required if we are going to reach our target. Milford Investment Analyst Dr Deborah Lambie talks to Heather du Plessis-Allan about our ageing power grid and the estimated $42b electrification investment needed to get us to net zero.
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