OECD Inventory of Support Measures for Fossil Fuels: Country Notes
This new web format for Country Notes on Fossil Fuel Support provides interactive on-line access to the latest data from the OECD Inventory of Support Measures for Fossil Fuels by country – identifying and estimating the value of support arising from policies that encourage the production or consumption of fossil fuels. The web version allows users to download, share and play with the data. Interactive graphics enable data visualisation, in national currency, by beneficiary and by energy product. These Country Notes provide, for each of the 50 economies covered in the Inventory, a snapshot of energy market structure, the current state of energy prices and taxes, and recent developments and trends in fossil fuel support. Data and country notes for the EU Eastern Partnership (EaP) countries have been collected and prepared as part of the GREEN Action Task Force.
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New Zealand
New Zealand is well-endowed with fossil-fuel resources for a country of its size. The country is a net exporter of coal but imports most of its oil. It imports no natural gas. Net production of natural-gas has decreased in recent years, and was about 20% lower in 2021 than in 2016. Consumption of natural gas in power plants has been declining, while that used by industrial users, particularly the chemicals industry, has been increasing. Owing to its location straddling the Pacific “Ring of Fire”, New Zealand has the second-largest share of geothermal energy in the OECD after Iceland. Geothermal share in electricity generation is relatively high as well, at 19% in 2021.
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