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A Report on Possible Government Interventions to Promote the Sustainable Development of New Zealand’S Ocean Resources

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A Report on Possible Government Interventions to Promote the Sustainable Development of New Zealand’S Ocean Resources centre for advanced engineering • university of canterbury campus • christchurch • new zealand A Report on Possible Government Interventions to Promote the Sustainable Development of New Zealand’s Ocean Resources Mail: Private Bag 4800, University of Canterbury Campus Street Address: 39 Creyke Road, Ilam Phone: 03 364 2478 Fax: 03 364 2069 e-mail: [email protected] www.caenz.com A Report on Possible Government Interventions to Promote the Sustainable Development of New Zealand’s Ocean Resources Prepared for: Oceans Policy Secretariat Ministry for the Environment POB 10362 WELLINGTON Prepared by: Centre for Advanced Engineering University of Canterbury Campus Private Bag 4800 Christchurch 8004, New Zealand Date: 1 May, 2006 Sustainable Development of NZ’s Ocean Resources Report Page 1 This report presents the views of CAE and selected representatives of marine indus- tries. The recommendations have been generated independent of government to stimulate future discussion around marine economic opportunities. Some recommen- dations in the report relate specifically to identified barriers and opportunities facing certain marine industries. CAE acknowledges that other recommendations in the report involving direct financial support, such as subsidies or tax reduction, would be welcomed by any industry. We comment that a strong case, such as demonstrated market failure, would need to be made before the government would consider their application to particular marine industries. CAE is an independent-think tank and research facilitator funded by grants and sponsorships. CAE’s mission is to advance social progress and economic growth for New Zealand through broadening national understanding of emerging technologies and facilitating early adoption of advanced technology solutions. www.canenz.com Approved by: RJ (George) Hooper Issued: May 1, 2006 Address for Correspondence Centre for Advanced Engineering, University of Canterbury Campus, Private Bag 4800, Christchurch, New Zealand Phone +64 3 364 2478 Fax +64 3 364 2069 e-mail [email protected] www.caenz.com Page 2 Sustainable Development of NZ’s Ocean Resources Report CONTENTS Definitions .................................................................................................................................................... 5 Executive Summary ...................................................................................................................................... 7 1 Background ............................................................................................................................................ 11 1.1 Introduction ...................................................................................................................................... 11 1.2 Purpose and Scope of Consultancy ................................................................................................. 11 2 Approach ................................................................................................................................................ 13 2.1 Case Studies ..................................................................................................................................... 13 2.2 Consultation ..................................................................................................................................... 13 2.3 Analytical Framework ....................................................................................................................... 13 2.4 Case Study Structure ....................................................................................................................... 14 3 Key Findings .......................................................................................................................................... 15 3.1 Summary of Case Studies ................................................................................................................ 15 3.2 Reported Cross Sectoral Issues and Barriers ................................................................................... 16 3.3 Context for Policy Development ...................................................................................................... 17 3.4 Recommended Interventions .......................................................................................................... 22 3.5 Summary & Conclusions ................................................................................................................. 23 3.6 Issues for Further Investigation ...................................................................................................... 24 Case Studies ........................................................................................................................................... 27 Case Study 1: The Successful Discovery and Development of the Maui Gas Field ............................... 29 a Introduction........................................................................................................................................ 29 b Factors Supporting Development ...................................................................................................... 30 c Barriers ............................................................................................................................................... 30 d Interventions ....................................................................................................................................... 31 Summary & Conclusions ......................................................................................................................... 31 Case Study 2: Issues and Barriers Facing the Oil & Gas Exploration Sector ........................................ 32 a Introduction........................................................................................................................................ 32 b Reported Barriers ............................................................................................................................... 33 c Suggested Interventions .................................................................................................................... 36 Summary & Conclusions ........................................................................................................................ 36 Case Study 3: Issues and Barriers in the Development of a Wave & Tidal Energy Industry ................ 38 a Introduction........................................................................................................................................ 38 b Wave and Tidal Devices ..................................................................................................................... 38 c The International Wave & Tidal Energy Industry: ............................................................................... 39 d The New Zealand Wave & Tidal Energy Industry: .............................................................................. 40 e Reported Barriers ................................................................................................................................ 41 f Suggested Interventions ..................................................................................................................... 44 g Commercial Opportunities ................................................................................................................. 45 Summary & Conclusion .......................................................................................................................... 45 Sustainable Development of NZ’s Ocean Resources Report Page 3 Case Study 4: Issues and Barriers in the Development of a Gas Hydrate Sector ................................. 46 a Introduction........................................................................................................................................ 46 b Methane Hydrates .............................................................................................................................. 46 c The Importance of Methane Hydrates to New Zealand ...................................................................... 46 d Gas Hydrate Research ........................................................................................................................ 47 e Gas Hydrate Research in New Zealand .............................................................................................. 47 f Reported Issues and Barriers ............................................................................................................. 48 g Suggested Interventions .................................................................................................................... 49 Summary & Conclusion .......................................................................................................................... 50 Bibliography.............................................................................................................................................. 51 Appendix 1: List of Respondents ............................................................................................................. 55 Page 4 Sustainable Development of NZ’s Ocean Resources Report DEFINITIONS Commercial Establishment of a new economic activity as a consequence of a viable business Development case. Economic Aggregate of commercial developments in a sector, region or the nation. Development
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