Creating a new energy future – a bold vision
Our carbon handprint We aim to provide solutions that give our customers the choice and opportunities to help lower their emissions. This is our carbon handprint; using our position as a leading New Zealand energy solutions business to help widen the scope for decarbonisation beyond what is in our own ability to control.
Our work to demonstrate the effectiveness of EV smart charging technology supports efficient investment in the infrastructure required to support an affordable transition to electric vehicles. This helps keep the costs of the transition down for our customers, and in turn helps their ability to choose lower carbon technology. We provide home heating solutions through our HRV business that enable people to make energy efficient choices, and have installed or serviced over 60,000 products across New Zealand in FY21. Our Vector Powersmart business provides a range of services relating to commercial-scale solar installations and battery energy storage systems, facilitating business and industry to decarbonise their energy use.
GLOBAL CO 2 e EMISSION BREAKDOWN 1
Global carbon challenge To enable the decarbonisation of 3/4 of global greenhouse gas emissions
Agriculture
Energy 75% of global greenhouse gas emissions 2
Industry Waste
By trialling solutions locally
Impacts can be scaled globally
NEW ZEALAND CO 2 e EMISSION BREAKDOWN 3
Our local handprint Supporting New Zealand to decarbonise its energy sector
Agriculture 48%
Energy 42%
Industry Waste
WHAT NEW ZEALAND IS TARGETING 4
Transportation 20%
Energy Industry 7%
Manufacturing 9%
Other 6%
Light Vehicle: 16% ‒ Reducing travel demand ‒ Mode shift from light
Heavy Duty: 2%
Aviation: 1%
Electricity & Heat: 5% ‒ Renewable energy use (50% by 2035) ‒ Energy efficiency
Refining & solid fuel manufac- ture: 2%
Food, Beverage, Paper, and Chemical: 7% ‒ Switching
boilers to biomass / electricity
vehicles to public transport, walking and cycling
‒ Low-carbon fuels
‒ Vehicle fuel efficiency ‒ Vehicle electrification
1. Climate Watch, 2018, https://www.climatewatchdata.org/ghg-emissions, accessed July 2021 2. International Energy Agency, Net Zero by 2050, published 2021 3. Ministry for the Environment, New Zealand’s Greenhouse Gas Inventory 1990 – 2019, published 2021 4. Ināia tonu nei: a low emission future for Aotearoa, Climate Change Commission 2021
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