The government has released its draft New Zealand Energy Strategy, Powering Our Future – Towards a Sustainable Low Emissions Energy System [PDF]. It will take a while to fully digest, but an initial skim suggests that its not the silver bullet for climate change that was expected. It has some welcome suggestions around biofuels and the promotion of wave power, but no specific measures to reduce electricity sector emissions. Rather, it "lays out a pathway" for carbon costs to be fully internalised, at a rate no faster than our competitors. As the Sustainable Energy Forum notes, this is a cloudy vision indeed, and it seems likely to result in another decade of foot-dragging on climate change, with emissions continuing to rise as generators dump their costs on wider society.
I'll post more on this when I've given it a thorough going over. But at first glance, it doesn't really measure up.