Toyota Camry Hybrid

It’s not very often that you’ll read about global events in NZ Company Vehicle, but this month an interesting comment found its way into my inbox which meant it ended up in the noodle-box of the editor’s head.

I do try to read everything that comes in, but as is the nature of bi-monthly publications, by the time I come to write about things, they seem sort of, well, old news.

There are exceptions however, and the little snippet received from an interested reader merited some grey matter consideration, being as how it is timely and it’s probably something not too many would have found.

In a nutshell, the International Energy Agency (IEA) which is a global agency coordinating 30 countries around the world and shaping energy policies for a secure and sustainable future, has stated that there is no need for further investment in oil and gas beyond what has already been allocated if the world wants to meet a net-zero emission by 2050.

As a follow on, the agency also suggested a rapid and radical shift away from fossil fuels is what is required to limit global warming to 1.5 degrees Celsius.

In its report (which those interested can read here: https://oilprice.com/energy/ Crude-oil/iea-net-zero-goal-means-no-more-new-oil-and-gas-investment-ever. html ) the IEA suggests all new energy investments be of a renewable resource type.

The IEA report is not all sunshine and rainbows as the agency recognises that a complete transformation of the global energy system will be required and new energy security risks will co-exist with older ones, including cyber security risks, a growing dependence on critical minerals and the variability of supply.

A suggested direction from the IEA is that oil and gas producers will need to switch focuses entirely to output – and emissions reductions – from the operation of their existing assets.

In order to reach the net-zero emission goal for 2050, coal demand would collapse by 90 percent, natural gas by 55 percent and oil demand would drop from 2019’s 100 million barrels per day to 24 million barrels a day.

With all of that taken into consideration, it is no surprise to find a hybrid vehicle on our front cover this month. Nor will it be a surprise to find a number of other alternatively-fuelled/powered vehicles within the pages of this edition.

What you will also see is our comprehensive utility vehicle guide, compiled by the editorial team from NZ 4WD and NZ Company Vehicle, a feature review which we spend considerable time in researching to compile data which we trust assists buyer’s to making informed purchasing decisions.

And as promised at the beginning of this year, we take a look at some folks who have voted with their chequebooks and purchased vehicles we have reviewed. So not only do you have our expert opinion, you have theirs as well.

Even with all this, we have only scratched this surface of what you’ll find in this edition of NZ Company Vehicle, which unusually for us, just grew dramatically in terms of content from our early planning days after the February/march edition.

We have some new ‘Friends of the magazine’ to thank for this, and I would like to personally acknowledge them for marketing through NZ Company Vehicle magazine.

With the above being said, I invite our equally important audience now to turn the page, and enjoy the read…