Parliament

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

 

Jones pads carbon benefit from One Billion Trees

Paul Goldsmith - Economic and Regional Development

10 December 2018


Shane Jones claims his ‘One Billion Trees’ will cut almost $3 billion from New Zealand’s carbon liability under the Paris Agreement but papers show he vastly inflated the benefit, National’s Economic and Regional Development spokesperson Paul Goldsmith says.

“Officials estimate the actual value of the One Billion Trees (OBT) scheme will be just a third of the amount Mr Jones claimed, at about $900 million, and that he padded the number by including $800 million of ETS benefits and $1 billion of business-as-usual activity, papers released under the Official Information Act show.

“That didn’t stop him publicly boasting of ‘nigh on $3 billion’ of returns to the Crown from the OBT, largely from ‘the heavy lifting that our policy will deliver to meet the costs of climate change’. It turns out this is just another example of Mr Jones’ loose and woolly approach to numbers.

“Even the $900 million figure is highly speculative because it is based on Treasury modelling that assumes New Zealand will pay a $32 billion climate change liability in 2030. There is much water to go under the bridge before Kiwis would write out such a cheque.

“The use of inflated numbers would be a concern coming from any minister, but the bar should be even higher for the Minister of Regional Development given that he oversees the $3 billion Provincial Growth Fund, which is dishing out soft loans and grants to favoured projects across the country.

“Mr Jones’ rubbery figures are a textbook example of why the National Opposition asks this Government so many questions. Our duty is to hold the Government to account and challenge the often flimsy excuses it gives for driving up the cost of living and wasting taxpayer money.

“The Prime Minister must find it increasingly hard to keep smiling at each new stop on the Provincial Growth Fund’s national tour. Labour must be embarrassed that its junior partner is treating the PGF as a slush fund that makes opaque commercial deals.

“New Zealanders are becoming tired of Mr Jones’ glibness when it comes to financial snafus on his watch. The Government has a track record of wasteful spending and it is galling for Kiwis to be taxed more to pay for it all, which is just driving up living costs.

“The Government inherited a strong economy with plenty of momentum but its policies won’t nurture sustainable growth that benefits all New Zealand families.”

“A National Government wouldn’t raise taxes in its first term. Our economy can grow smarter as well as bigger under National’s sensible economic plans and rigorous approach to spending.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

The Gili Islands: A Community Earthquake Recovery Effort

Joseph Cederwall travelled to the Gili Islands in October 2018 to talk to locals about their experiences of the event and witness the impact and the rebuild efforts on this unique ecotourism destination.

2018 was a difficult year for the Indonesian archipelago. This chain of fragile and largely low-lying islands is situated on a particularly unstable segment of the Pacific rim of fire. Last year the islands were hit by a series of devastating natural events including a series of Lombok, Sulawesi and Java based earthquakes and resultant tsunamis.More>>

 
 

DHBs "Prepared": Junior Doctors Strike Tuesday, Wednesday

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>

ALSO:

Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>

ALSO:

JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>

Earlier:

Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>

ALSO:

IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels