✨ Energy and Minerals Research Fund
202 NEW ZEALAND GAZETTE, No. 9 31 JANUARY 2011
The Fund will support RS&T that is intended to be of benefit to New Zealand. It is also expected that the Fund will support relevant research that contributes to unlocking the innovation potential of Māori knowledge, resources and people as outlined in the Vision Mātauranga policy framework. International collaboration will be supported where this is relevant and of benefit to the objectives of the Fund.
Indicators of Success
If successful, the Energy and Minerals Fund will generate and support the uptake of RS&T that will contribute to:
- improving the knowledge of our petroleum and mineral endowment;
- efficacious mineral extraction and increased energy production;
- enhancing New Zealand’s standing as an attractive destination for investment in petroleum and mineral related activities;
- effective minimisation and/or management of the environmental impacts of mineral extraction and energy production, including greenhouse gas emissions;
- improving energy security through the development of a more efficient, cost-effective, and robust electricity generation system and the development of economically viable New Zealand-sourced bio-energy; and
- increasing export returns from selling energy and mineral resources, technologies and services.
The above indicators will be measured by the Ministry of Science and Innovation at a sector level and will provide some indication of the success of the Fund through regular evaluations.
Nature of the Fund
The Energy and Minerals Fund will achieve its objectives by supporting RS&T in the following two areas:
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Energy Resources — encompasses research in economically viable, environmentally sustainable and efficient energy generation from indigenous sources; to provide the knowledge and capabilities to unlock the potential of New Zealand’s energy resources and assist the transition to an energy future that maximises efficiency, economy and sustainability whilst managing environmental impact.
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Minerals — encompasses research to increase understanding of the resource base and assist commercially- and environmentally-informed decision-making about extracting minerals from the ground and seabed.
Tools for Allocating Funding
Research, science and technology supported under the Energy and Minerals Fund must in each case fit one of the following Tools:
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Science-led contestable funding — investing through a contestable process in RS&T and related activities.
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Long-term non-contestable funding — using non-contestable processes to invest in RS&T and related activities.
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NZ Gazette 2011, No 9
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Energy and Minerals Research Fund
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🎓 Education, Culture & ScienceEnergy, Minerals, Research Fund, Economic Growth, Environmental Responsibility