"In New Zealand, we have sufficient tallow, a by-product of the meat industry, which would, if converted to biodiesel, produce around 5% of our diesel fuel needs. New Zealand currently produces sufficient bioethanol from whey, a by-product of the dairy industry, to meet around 0.3% of our petrol needs. More bioethanol could be produced from whey or other waste and by-product sources.
Diversifying into these renewable transport fuels will reduce our dependence on imported oil, and improve air quality.
And of course, they will also reduce greenhouse gas emissions. If the proposed sales obligation is met, we will not need to account for over a million tonnes of carbon dioxide emissions under the Kyoto Protocol, due to the replacement of fossil fuels by biofuels. This represents more than $16 million that would be saved by the Government in respect of its Kyoto Protocol commitments in the first commitment period (2008-2012) alone.
And I'd like to stress that this is a starting point. Once the legislative framework and infrastructure is in place, we can expect biofuels to make up a greater proportion of our transport fuel than these mandated minimum levels."
NZ energy minister: 'the end of cheap oil' | EnergyBulletin.net | Peak Oil News Clearinghouse
Diversifying into these renewable transport fuels will reduce our dependence on imported oil, and improve air quality.
And of course, they will also reduce greenhouse gas emissions. If the proposed sales obligation is met, we will not need to account for over a million tonnes of carbon dioxide emissions under the Kyoto Protocol, due to the replacement of fossil fuels by biofuels. This represents more than $16 million that would be saved by the Government in respect of its Kyoto Protocol commitments in the first commitment period (2008-2012) alone.
And I'd like to stress that this is a starting point. Once the legislative framework and infrastructure is in place, we can expect biofuels to make up a greater proportion of our transport fuel than these mandated minimum levels."
NZ energy minister: 'the end of cheap oil' | EnergyBulletin.net | Peak Oil News Clearinghouse
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