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Generation Zero welcomes Green Investment Bank proposal

Generation Zero welcomes Green Investment Bank proposal

Youth climate change organisation Generation Zero has welcomed the Green Party’s plan to set up a Green Investment Bank, saying it shows a clear commitment to transforming New Zealand’s economy from fossil fuel dependent to clean and low-carbon.

“What this policy displays is long-term thinking and sound economics: taking a share of the profits from non-renewable energy sources and ensuring they are invested in the energy sources of the future,” said Generation Zero spokesperson Paul Young.

“Combined with a fair price on carbon pollution, this is the kind of bold policy we need to see a change in direction towards a clean, low-carbon New Zealand.”

“Not only will this mean New Zealand playing its part in delivering a safe future for the planet, it also means building sustainable jobs and industries for young people to inherit a competitive 21st century economy.”

Generation Zero is advocating for political parties to commit to implementing a comprehensive Clean Energy Plan, following the lead of countries such as Denmark and the UK.

“Policies and actions such as the Green Investment Bank need to be part of an overall strategic plan to transition New Zealand off fossil fuels to clean energy and transport,” Young said.

“We commend this bold idea from the Green Party, and we call on other political parties to tell us what they will do to put New Zealand on track to a clean energy future.”

ENDS

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