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

Breaking: Prime Minister John Key Announces Resignation

Prime Minister John Key has announced that he’s resigning as Prime Minister in seven days’ time. He made the unexpected announcement at a 12.45 press conference at Parliament, called with less than an hour’s notice.

“It has been an enormous privilege to be Prime Minister of New Zealand, and these last eight years have been an incredible experience. Throughout these years I have given everything I could to this job that I cherish, and this country that I love.

“Bronagh has made a significant sacrifice during my time in politics, and now is the right time for me to take a step back in my career and spend more time at home.“ More>>

 

Q+A: Labour's Michael Wood Wins Mt Roskill

Labour’s Michael Wood, who last night won a 6,000 vote majority in the Mt Roskill by-election, says the reason for the win was simple, clear messaging... More>>

ALSO:

Gordon Campbell: On Anne Tolley’s Callous Folly

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

ALSO:

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news