Articles tagged with Simon Watts
New Zealand Climate Change Minister Unveils Carbon Removals Framework and Legislative Enhancements
3 days ago | 52 viewsClimate Change Minister Simon Watts introduced a new Assessment Framework for Carbon Removals in New Zealand, aiming to recognize and reward non-forestry carbon removals and support landholders and businesses. The framework aligns with the Government's commitment to climate action that stimulates the economy and promotes emissions reductions, fulfilling an election promise to explore biodiversity credits for initiatives like creating wetlands. Changes to the Climate Change Response Act will streamline processes, improve the NZ ETS, expand opportunities for carbon removal recognition, and reduce compliance costs for stakeholders, with an amendment bill planned for next year.
Tags: Climate Change Minister Simon Watts Assessment Framework Carbon Removals New Zealand Emissions Reduction Plan Biodiversity credits Forestry Climate Change Response Act NZ ETSNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
1 week ago | 121 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureElectricity Authority Chair Announces Resignation: Future Reforms and Vacancy Updates
2 weeks ago | 121 viewsElectricity Authority Chair Anna Kominik has resigned, with Energy Minister Simon Watts expressing gratitude for her leadership and contributions to significant reforms in the electricity sector. Ms Kominik's departure is tied to a new opportunity and the completion of the Frontier Economics Review of Electricity Market Performance, with plans for an organisational review before her replacement is appointed. The Government aims to strengthen the Authority's enforcement and analytical capabilities, with a focus on pro-competitive initiatives that prioritize consumer benefit and public value.
Tags: Anna Kominik Simon Watts Electricity Authority resignation Energy Minister reforms Frontier Economics Review electricity market consumersWaitaki District Council to Receive Crown Facilitator for Water Service Plan Amendment
2 weeks ago | 158 viewsA Crown facilitator will assist Waitaki District Council in amending and resubmitting its water service delivery plan under the Local Water Done Well legislation, as requested by the Secretary for Local Government. The focus is on including an assessment of the condition, lifespan, and value of the district's water networks to ensure fair and transparent costs for infrastructure upgrades. The Council must conduct an asset condition assessment and update its plan by June 30, 2026, with the appointment of a Crown facilitator expected by mid-November to provide expertise and tools for this process.
Tags: Waitaki District Council Local Water Done Well Simon Watts Crown facilitator water service delivery plan financial sustainability asset condition assessment infrastructure upgrades ratepayers delivery modelsGovernment Ensures Capital Support for Vital Electricity Infrastructure Investments in New Zealand
1 month ago | 209 viewsThe Government assures power companies it will provide capital for critical electricity infrastructure investments to ensure energy security and competitiveness. Measures include supporting equity injections for strategic projects and addressing gaps in the energy system to lower consumer prices. The Energy Package focuses on security of supply through LNG import facilities and building better markets by incentivizing new energy projects and strengthening regulatory bodies.
Tags: Government power companies investment electricity infrastructure Nicola Willis Crown MOM companies energy security Simon Watts New ZealandLocal Government Minister Simon Watts: 20% of Councils' Water Plans Approved, Benefitting 2.5M Kiwis
1 month ago | 198 viewsTwenty percent of councils have had their water services delivery plans approved, benefiting over 2.5 million New Zealanders with financially sustainable approaches for the next decade under the Local Water Done Well initiative. The collaborative effort in the Waikato Water Done Well plan covers multiple districts and aims to achieve efficiencies for over 170,000 people. By utilizing shared services and lower-cost finance, councils can manage water plan costs effectively, easing financial burdens on communities and ensuring prudent investments in water infrastructure.
Tags: Simon Watts Taupō District Council Hurunui District Council Kaikōura District Council Waikato Water Done Well Local Government Minister Watercare Charter CCO New Zealanders Local Water Done Well.New Zealand Government Passes Bill to Protect Farmland and Forestry in Climate Change Response
1 month ago | 223 viewsThe Government passed the Climate Change Response (Emissions Trading Scheme Forestry Conversions) Amendment Bill to prevent wholesale conversion of farmland to pine forests, aiming to balance food production and Emissions Trading Scheme (ETS) confidence. Key changes include limits on exotic forestry registrations for productive farmland, flexibility for farmers to convert up to 25% of land to forestry, and provisions for Māori-owned land. The Bill aims to support rural economies, create jobs, and ensure ETS credibility, with a review planned for 2028 to assess effectiveness.
Tags: Todd McClay Simon Watts Government Climate Change Response Emissions Trading Scheme Forestry Conversions Agriculture Forestry New Zealand Land UseUnlocking New Zealand's Offshore Wind Potential: Government Amendments for Industry Growth
1 month ago | 218 viewsThe Government is amending legislation to support New Zealand's offshore wind potential, aiming to boost economic growth and energy production. The Offshore Renewable Energy Bill is being revised to address concerns from offshore wind developers about coexisting with seabed mining activities. The amendments will create designated marine spaces for offshore wind projects, providing investment certainty while pausing new permits for seabed mining under the Crown Minerals Act.
Tags: Government legislation offshore wind potential Energy Minister Simon Watts economic growth regulatory regime Offshore Renewable Energy Bill seabed mining CabinetLocal Water Done Well: Councils Deliver Plans for Quality, Cost-Effective Water Services
2 months ago | 254 viewsCouncils have submitted water services delivery plans under the Local Water Done Well initiative to ensure quality and cost-effective water services for ratepayers. The government aims to address water services challenges by enabling councils to collaborate on financial sustainability and infrastructure development. Plans will be reviewed and considered for acceptance, with a focus on financial sustainability to ensure safe and resilient water services for communities.
Tags: Councils Local Water Done Well Water services delivery plans Local Government Minister Simon Watts Financial sustainability Infrastructure New housing Joint arrangements Ratepayers Legislation.Watercare's $500 Million Investment: Upgrading Auckland's Water Infrastructure for Improved Services and Job Growth
2 months ago | 240 viewsWatercare plans to invest $500 million in upgrading Auckland's aging water infrastructure over the next 18 months to improve water services and create job opportunities. The Government collaborated with Auckland Council to develop the Watercare Charter, aiming to make water services more affordable for Aucklanders, saving households nearly $900 million over four years. The increased investment in infrastructure will be beneficial for Auckland's economy, with a focus on upgrading treatment plants and renewing pipes and assets to ensure improved service quality and affordability.
Tags: Watercare investment infrastructure Aucklanders Simon Watts Government Watercare Charter Auckland Council renewals work programme economic regulationLocal Water Done Well: Government Legislation Benefits Communities Nationwide
2 months ago | 290 viewsThe Government's Local Water Done Well legislation aims to provide safe, reliable, and financially sustainable water services to local communities across the country. The legislation focuses on ensuring financial sustainability, oversight, and accountability in water service delivery, with the Commerce Commission overseeing economic regulation to ensure fair pricing and quality infrastructure. Councils are encouraged to submit water services delivery plans that meet the requirements and provide flexibility to make arrangements best-suited for their communities, ultimately benefiting Kiwis with improved water services.
Tags: Local Government Minister Simon Watts Commerce and Consumer Affairs Minister Scott Simpson Kiwis Watercare charter Three Waters policy Local Government (Water Services) Act Local Government (Water Services) (Repeals and Amendments) Act Commerce Commission councils water services delivery planNew Tax Bill Boosts New Zealand Economy and Supports Skilled Migration
2 months ago | 377 viewsRevenue Minister Simon Watts has introduced a new tax bill in New Zealand to boost the economy, attract skilled individuals, and encourage investment. The bill aims to make the tax system fairer for migrants, digital nomads, and businesses by addressing issues like overseas income taxation and employee share schemes. These changes are designed to simplify the tax system, reduce compliance costs, and create a more conducive environment for economic growth and job creation in New Zealand.
Tags: Simon Watts New Zealand tax bill economy skilled migrants digital nomads employee share schemes tax compliance costs GST practices solar powerEnergy Minister Simon Watts Joins APEC Leaders in Busan for Energy Security Discussions
2 months ago | 344 viewsEnergy Minister Simon Watts will attend the 15th APEC Energy Ministers Meeting in Busan, Republic of Korea, focusing on energy security and affordability. He aims to collaborate internationally to build resilient and sustainable energy systems in the Asia-Pacific region and discuss harnessing energy innovation. Key topics at the meeting include electricity expansion, grid security, reliability, and AI-driven energy innovation, with a focus on connecting with counterparts to advance shared energy goals.
Tags: Simon Watts Energy Minister Busan Republic of Korea APEC Energy security International collaboration Sustainable energy systems Energy innovation New ZealandEnergy Minister Hails New Rule to Boost Competition and Lower Power Prices
2 months ago | 328 viewsEnergy Minister Simon Watts welcomes a new rule by the Electricity Authority to boost retail competition among smaller power companies, aiming to lower power prices for struggling Kiwis. The rule will prevent large power companies from cross-subsidizing themselves and offering discounts, creating a level playing field for all competitors. These changes, developed under the Energy Competition Task Force, aim to encourage investment in new generation and improve economic outcomes, with further improvements to be consulted on later this year.
Tags: Simon Watts Electricity Authority Kiwis Government Energy Minister Power companies Competition Electricity market Consumers Energy pricesGenesis, Mercury, Meridian, and Contact Establish Strategic Energy Reserve to Boost Energy Security and Affordability in New Zealand
3 months ago | 573 viewsEnergy Ministers Simon Watts and Shane Jones welcome the establishment of a strategic energy reserve by major power companies in New Zealand to enhance energy security and maintain affordable prices. The initiative aims to address vulnerabilities in the energy system highlighted by last year's dry winter, which led to high prices and pressure on industries and households. The government is taking steps to strengthen the energy system by ensuring fuel supply security, supporting investment, and enhancing market competition to reduce costs and promote economic growth.
Tags: Simon Watts Shane Jones Genesis Mercury Meridian Contact New Zealand energy reserve energy security affordable energy prices