A potential surge in global oil prices to US$200 per barrel is raising serious concerns worldwide. With geopolitical tensions escalating and the Strait of Hormuz under threat of closure, experts warn that economies like New Zealand could face sharp increases in everyday costs. From petrol to groceries and air travel, the ripple effects could be significant and Continue reading
Energy
NZ Boosts Geothermal Energy with $50M Plan
The New Zealand Government has announced a major push toward expanding geothermal energy, introducing a comprehensive strategy aimed at doubling its use by 2040. Alongside this plan, a $50 million funding package has been allocated through the Regional Infrastructure Fund to accelerate early-stage geothermal developments. The initiative was launched in Rotorua by Regional Development and Continue reading