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<font color=#000000FF>The electricity sector</font>
<font color=#000000FF>will make the greatest contribution</font>

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<font color=#000000FF>to decarbonising our country</font>

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<font color=#000000FF>It will provide 70% of gross emissions</font>
<font color=#000000FF>reductions required</font>

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<font color=#000000FF>to reach our net zero carbon target</font>

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<font color=#000000FF>For Aotearoa New Zealand to reach net zero</font>
<font color=#000000FF>- electricity is critical</font>

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<font color=#000000FF>We can get there by electrifying</font>
<font color=#000000FF>our transport, industrial processes</font>

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<font color=#000000FF>and buildings; powered by New Zealand's</font>
<font color=#000000FF>abundant renewable energy:</font>

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<font color=#000000FF>hydro, wind, solar and geothermal</font>

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<font color=#000000FF>What does the future look like</font>
<font color=#000000FF>for Aotearoa New Zealand?</font>

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<font color=#000000FF>In our “The Future is Electric” report,</font>
<font color=#000000FF>we have established a vision</font>

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<font color=#000000FF>and decarbonisation roadmap for the sector</font>
<font color=#000000FF>which delivers</font>

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<font color=#000000FF>more affordable energy to New Zealanders</font>
<font color=#000000FF>and ongoing reliable electricity</font>

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<font color=#000000FF>The 2020s are critical to kickstarting</font>

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<font color=#000000FF>the electrification of transport,</font>
<font color=#000000FF>industry, and buildings</font>

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<font color=#000000FF>Under our roadmap,</font>
<font color=#000000FF>the electricity sector will be delivering</font>

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<font color=#000000FF>98% renewable electricity by 2030,</font>
<font color=#000000FF>and the foundations for large scale</font>

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<font color=#000000FF>electrification in the 2030s</font>
<font color=#000000FF>and 2040s will be in place</font>

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<font color=#000000FF>To deliver this, the electricity system</font>
<font color=#000000FF>needs unprecedented investment</font>

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<font color=#000000FF>In the 2020s alone, more than 40 billion</font>
<font color=#000000FF>dollars will be needed</font>

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<font color=#000000FF>for renewable generation,</font>
<font color=#000000FF>flexible energy resources, transmission</font>

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<font color=#000000FF>and distribution infrastructure,</font>
<font color=#000000FF>and smart system technologies</font>

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<font color=#000000FF>Along with investment,</font>
<font color=#000000FF>the sector and government need to navigate</font>

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<font color=#000000FF>four key areas for </font>
<font color=#000000FF>New Zealand's electric future</font>

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<font color=#000000FF>The sector has started on</font>
<font color=#000000FF>this decarbonisation journey</font>

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<font color=#000000FF>Our report presents a view of the activity</font>
<font color=#000000FF>taking place across the sector</font>

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<font color=#000000FF>It gives us a baseline</font>

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<font color=#000000FF>Are we doing enough to meet the needs</font>
<font color=#000000FF>of the future electricity sector?</font>

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<font color=#000000FF>By 2030, we need to build</font>
<font color=#000000FF>five gigawatts of renewable generation –</font>

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<font color=#000000FF>equivalent to almost 800 new wind turbines</font>
<font color=#000000FF>and 4 million solar panels.</font>

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<font color=#000000FF>These solar panels alone</font>
<font color=#000000FF>would cover over a thousand rugby fields</font>

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<font color=#000000FF>A strong renewable electricity pipeline</font>
<font color=#000000FF>exists to deliver this,</font>

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<font color=#000000FF>and many projects are already underway</font>

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<font color=#000000FF>We're also going to need new flexible</font>
<font color=#000000FF>supply side and demand side resources</font>

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<font color=#000000FF>to make peak demand and </font>
<font color=#000000FF>dry year energy needs,</font>

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<font color=#000000FF>for which industry and government</font>
<font color=#000000FF>have a number of key initiatives underway</font>

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<font color=#000000FF>And this decade we also need</font>

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<font color=#000000FF>to invest 30 billion in our transmission</font>
<font color=#000000FF>and distribution networks</font>

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<font color=#000000FF>Significant planning</font>
<font color=#000000FF>is occurring to deliver this</font>

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<font color=#000000FF>and some projects are underway</font>

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<font color=#000000FF>Some policy, regulation and market changes are needed</font>

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<font color=#000000FF>New Zealand's future is electric</font>

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<font color=#000000FF>Let's harness the exciting potential</font>
<font color=#000000FF>of renewable electricity</font>

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<font color=#000000FF>to electrify and decarbonise</font>
<font color=#000000FF>Aotearoa New Zealand</font>