To realise these economic opportunities, while preserving and enhancing New Zealand’s natural environment and mitigating the impact of climate change, BCG has explored five fast-growing opportunities for New Zealand’s green economy:
1.Eco-tourism: Delivering tourism through more environmentally sustainable travel, business practices, and tourism experiences.
2. Sustainable construction: Developing more sustainable homes, buildings, and infrastructure, including leveraging the country’s strong position in biogenic building materials.
3. Low carbon energy system: Capitalising on New Zealand’s highly renewable electricity system to attract low-carbon industry and enable the net zero transition through electrification of transport, heat, and industrial processes.
4. Sustainable food production: Producing world-leading natural and sustainable food through premium product development, aggressive investment in R&D to reduce agricultural emissions, and adoption of best practice technologies to improve productivity.
5. Green consumer products: Developing premium retail products with lower environmental impact, transparent supply chains enabled by digitisation, and clear sustainability metrics to attract a growing segment of customers that value sustainability.