Economy

Analysis horizon: 10yr · 50yr

Energy transition from oil and gas

Taranaki economy is heavily dependent on declining oil and gas sector. Economic transition is urgent and underfunded.

Energy transition from oil and gas in Taranaki

Taranaki economy is heavily dependent on declining oil and gas sector. Economic transition is urgent and underfunded.

Structural drivers

Fossil fuel sector structural decline. Fossil fuel sector structural decline

Solution camps

A number of distinct positions recur in the policy debate on this issue. Each is defensible on its own terms; none is obviously correct.

Just transition programme. Just transition programme addresses energy_transition. Key moves include Implement Just transition programme. The main tensions are: Implementation requires sustained political will and cross-sector coordination.; Resource constraints may limit the pace of change..

(New Plymouth District Council, 2024)

Economic diversification away from energy

Taranaki lacks diversified economy. Agriculture, manufacturing, and services offer limited job growth.

Economic diversification away from energy in Taranaki

Taranaki lacks diversified economy. Agriculture, manufacturing, and services offer limited job growth.

Structural drivers

Fossil fuel sector structural decline. Fossil fuel sector structural decline

Solution camps

A number of distinct positions recur in the policy debate on this issue. Each is defensible on its own terms; none is obviously correct.

Just transition programme. Just transition programme addresses energy_transition. Key moves include Implement Just transition programme. The main tensions are: Implementation requires sustained political will and cross-sector coordination.; Resource constraints may limit the pace of change..

(New Plymouth District Council, 2024)

Methanol production and energy dependence

Methanex methanol plant is a major employer (600+ jobs) and revenue source, but faces global competition and transition pressure.

Methanol production and energy dependence in Taranaki

Methanex methanol plant is a major employer (600+ jobs) and revenue source, but faces global competition and transition pressure.

Structural drivers

Fossil fuel sector structural decline. Fossil fuel sector structural decline

Solution camps

A number of distinct positions recur in the policy debate on this issue. Each is defensible on its own terms; none is obviously correct.

Just transition programme. Just transition programme addresses energy_transition. Key moves include Implement Just transition programme. The main tensions are: Implementation requires sustained political will and cross-sector coordination.; Resource constraints may limit the pace of change..

(New Plymouth District Council, 2024)

Oil and gas sector contraction

Oil and gas employment has declined 40% since 2010. Remaining fields have limited reserves. Sector faces structural decline.

Oil and gas sector contraction in Taranaki

Oil and gas employment has declined 40% since 2010. Remaining fields have limited reserves. Sector faces structural decline.

Structural drivers

Fossil fuel sector structural decline. Fossil fuel sector structural decline

Solution camps

A number of distinct positions recur in the policy debate on this issue. Each is defensible on its own terms; none is obviously correct.

Just transition programme. Just transition programme addresses energy_transition. Key moves include Implement Just transition programme. The main tensions are: Implementation requires sustained political will and cross-sector coordination.; Resource constraints may limit the pace of change..

(New Plymouth District Council, 2024)

References

Citations follow APA 7th edition (author, year) format. Each in-text citation above links to its full reference below.

• New Plymouth District Council. (2024). New Plymouth District Council Annual Plan 2024.

Generated from section economy of taranaki on 2026-05-26. Do not hand-edit. Edit the entity files under the region’s data/ directory and re-run the region’s render.py.