Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Budget ‘fail’ on local climate change solutions

Media Release

26th May 2017

———————————————————

For Immediate Release

Budget ‘fail’ on local climate change solutions

Investment opportunity missed by factor of 10

The Forest Industry Contractors Association (FICA) is concerned at what wasn't in yesterday’s Budget. The stagnant level of funding for growing local forests is not good enough for dealing with climate change challenges. We have a land base and local tax-paying businesses are sitting in a prime position to ‘think global and act local’.

“What was not in the Budget is just as important as what is. From our perspective we need more like $200 million for planting trees locally”, says FICA president Ross Davis.

“On any analysis, the Budget sum of less than $20 million for planting is just business as usual. A much greater effort is needed and Government leadership here would be a double-win, had they been brave enough to invest in forests for New Zealanders on our own land,” added Davis.

“Planting trees is the most effective way of spending money to ensure New Zealand meets its commitments to the Paris Agreement on climate change.”

“The double win is that big forest plantings would sequester far more carbon and rural community employment could be boosted. Moving New Zealand much further to meet our international commitments on climate change and boosting local economies is better than paying cash to overseas groups where past experiences have been riddled with fraud.”

Davis says FICA’s view is that a greater financial signal could have been made in the Budget announcement so tree nurseries and forestry employers could begin planning for a growth boost. We need time to plant seeds and grow seedlings. How can politicians not get that solving our climate change and boosting local businesses is a good thing?

“We’re not even concerned about the mix of indigenous forests and production species, like douglas fir and radiata pine. We just need to get on with the job of building a bigger New Zealand carbon sink base,” added Davis.

“Let’s see hard-earned taxpayers’ money invested in projects with multiplied economic benefits. Our mission is all about sustainability. Boosting local forests has to be good for the environment and our local economies,” says Davis.

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>

ALSO:

University of Auckland: Pest-Free Goal Won’t Be Achieved Without New And Better Tools

New Zealand’s goal to become predator free by 2050 will remain an unrealised dream unless new technologies and advances in social engagement continue to be developed, researchers who first promoted it say. A team from the University of Auckland has ... More>>

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>