Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Key’s climate fund a missed opportunity

Charles Chauvel
Climate Change Spokesperson

17 December 2009 Media Statement
Key’s climate fund a missed opportunity

National’s announcement today of US, Canadian and NZ financial contributions to a Global Agriculture Fund is a huge missed opportunity for NZ Inc, Labour’s climate change spokesperson Charles Chauvel said.

Mr Chauvel, speaking from Copenhagen, said the fund was a pale comparison the last Labour-led Government's Fast Forward Fund.

"The Fast Forward Fund, announced in March last year, saw the New Zealand Government commit $700 million to be used in a new research, development and innovation fund. A key purpose of the Fund was to create new technologies to reduce agricultural emissions,” Charles Chauvel said.

“Including earnings from interest, this contribution was calculated to be up to $1 billion over the 10-15 year term of the Fund. Matched with funding from our pastoral and food sector industries this would have resulted in a $2 billion investment in primary production-based intellectual property, owned by Kiwis.

“That IP would very likely have allowed us to perfect emissions reduction technology to the benefit of our own emissions profile and the enhancement of our international reputation. It would also have allowed us to exploit the technology commercially on the international market, at potentially significant profit, as well as giving aid in terms of technology transfer to food-producing developing countries.

“National scrapped the Fund along with tax credits for research and development after coming into office. The alternative, announced today – $US90M ($NZ125M) from the US, $NZ45M from New Zealand and a Canadian contribution – pales by comparison.

“The multinational nature of the Global Agriculture Fund will inevitably mean that New Zealand won't own the results of any research paid for by it.

"So, as well as there being substantially less money for investment in the reduction of emissions from agriculture, New Zealand will be poorer because we lose the opportunity to sell or share emissions reduction technology in our singular area of expertise on our own terms.

"Despite the self-generated fanfare and bright lights, National’s approach represents a failure. It totally lacks ambition and is a huge missed opportunity for New Zealand,” Charles Chauvel said.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Law Commission: Review Of Search And Surveillance Act Begins

“For example, the Act was drafted before cloud-based storage of data was commonplace. In the light of these and other developments, the Commission will be examining whether the investigative powers in the Act are sufficient for law enforcement purposes. We will also consider whether the safeguards that surround those processes are adequate.” More>>

ALSO:

Houses, Campers And Cops: LGNZ Media Briefing

At their quarterly media briefing today Local Government New Zealand addressed areas where local authorities are feeling pressure and outlined their approach for the upcoming local body elections in September-October. More>>

ALSO:

17 Year Sentences In Baby Moko Case: Attorney General On Plea Bargain

“The Crown’s decisions in this case, including the decision to accept the manslaughter pleas, were motivated by the need to secure convictions for this horrendous killing and to avoid the significant risk that either of the defendants could escape such a conviction because of evidential issues.” More>>

ALSO:

As Govt Cuts Lobby Anti-Smoking Group Funds: On The Nation - Plain Packaging Debate

Imperial Tobacco leaves open possibility of law suit against New Zealand government if plain packaging is introduced, as planned. Says it’s a “last resort” but “of course we will defend the right to use our brands”. More>>

ALSO:

No Rail For New Harbour Crossing: National Giving Up On Rail In Auckland

The National Government’s decision to scrap two planned rail lines in Auckland shows it is giving up on a city-wide rail network in Auckland, and on thousands of commuters who sit in traffic jams every single day, the Green Party said today. More>>

ALSO:

Gordon Campbell: On The Ombudsman’s Verdict On Paula Rebstock And Ian Rennie

Unfortunately, the brave and damning report by Ombudsman Ron Paterson on the “flawed” and “unfair” inquiry conducted by Dame Paula Rebstock into events at MFAT pulls back the veil on a far wider issue. More>>

ALSO:

Charities' Report: Stressed Families - Overstretched Services

“Like so many of the whānau and families they serve social service organisations are under huge financial stress. The support demanded from desperate people in communities is far outreaching the resources available.” More>>

ALSO:

Detention: Wellingtonians Protest Treatment Of Refugees

Peace Action Wellington (PAW) and around 50 Wellingtonians blockaded the Australian High Commission, creating a symbolic detention centre to protest the Australian Government's policy of mandatory offshore detention for refugees and asylum seekers. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news