Climate Change Minister, Simon Watts, recently stood firmly behind the new Government's controversial plan to recommence offshore oil and gas exploration. This move is seen as a strategic step to support economies that are primarily dependent on these industries. While this decision has been met with different responses, Watts asserts that it is a fundamental part of tackling climate change and transitioning to a greener economy.
1. New Zealand's Climate Change Minister, Simon Watts, supports the government's plan to recommence offshore oil and gas exploration.
2. Watts argues this move is essential for supporting economies heavily reliant on these industries and views it as a step towards a greener economy.
3. Watts dismisses criticism regarding the plan being contrary to carbon emission reduction goals, stating this exploration can coincide with environmental sustainability.
4. He emphasizes the importance of a balanced approach in energy sources to avoid destabilizing the economy and jeopardizing energy security.
5. Watts acknowledges the significance of shifting to renewable energy, but insists that complete dependence isn't feasible without critical advancements in technology and infrastructure.
In 2019, offshore oil and gas production contributed over $2.5 billion to New Zealand's GDP.
Minister Watts sought to rebut criticism that reviving offshore drilling is in opposition to the government's commitment to reducing carbon emissions. He asserted that the exploration and potential extraction of oil and gas reserves are not necessarily at odds with environmental sustainability. Instead, he contends that it's a way to strategically bridge the gap between the present reality and a future powered by renewable energy. He stressed the importance of a balanced approach in managing the country's energy demands to avoid destabilizing the economy or compromising energy security. While recognizing the urgency of shifting towards renewable energy sources, he argued that complete dependence on them isn't feasible without significant technological and infrastructural advancement.