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

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Ihumātao: Eviction Doesn't Stop Occupation

Tension between police and opponents of a housing development at Ihumātao in Mangere camped at the site's entrance has ramped up this morning.

at night, protestors sitting on seats arranged around a contained fire, in front of a line of police.

A group had been occupying the land, near Auckland Airport, in an effort to stop the development going ahead, but was moved off yesterday by more than 50 police, as well as local kaumātua, the building company and bailiffs. More>>

 

Review Launched: 'Comprehensive Overhaul' Of The RMA

The Government has today launched a comprehensive overhaul of the Resource Management Act to cut complexity and costs and better enable urban development, while also improving protection of the environment. More>>

ALSO:

'Public Safety': Next Firearms Reform Plan Announced

The next Arms Amendment Bill will: • Establish a register of firearms and licence holders to be rolled out over 5 years • Tighten the rules to get and keep a firearms licence • Tighten the rules for gun dealers to get and keep a licence
... More>>

ALSO:

Separation: Law Commission Recommends New Law For Dividing Property

The Law Commission recommends a range of changes to make the law fairer for partners dividing property on separation. More>>

ALSO:

'ClimbIt Crisis: Greenpeace Climbers Reach OMV Majestic Centre HQ

The two Greenpeace climbers who are scaling the outside of the tallest building in Wellington have unfurled the first of a series of banners. More>>

ALSO:

Suspect Was Also Kicked: Shots Fired To Warn Fleeing Driver Not Justified

The Independent Police Conduct Authority has found that an officer's decision to fire three warning shots to stop a fleeing driver from reversing towards him was not justified. More>>

ALSO:

Gordon Campbell: On Being Australia's Pacific Go-Fers

Inevitably, there was an aspect of ‘what might have been’ about the weekend’s meeting in Canberra between PM Jacinda Ardern and her Australian counterpart, Scott Morrison... More>>

ALSO:

RNZ: Trades Hall Bombing Case Re-Opened, Evidence Released

The cold case has been reopened and the police have recently revealed more details about the bomb's components - including that it was wrapped in a 1977 edition of The Evening Post. More>>

Safety: Govt Targets Fewer Deaths On The Road

“Most roads deaths and serious injuries are preventable and too many New Zealanders have lost their lives or been seriously injured in crashes that could have been prevented by road safety upgrades,” said Associate Transport Minister Julie Anne Genter. More>>

ALSO:

Pay Rise Delay: Teachers Unions Plan Legal Action Against Novopay

Both of the teachers unions - NZEI and the PPTA - have confirmed they will be taking legal action against Novopay. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels