Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

What priority Infrastructure development?

Press statement, DEUN (Domestic Energy Users’ Network


*Infrastructure development, investment in housing stock, what priority?

* Both major parties are promoting infrastructure spending to stimulate the economy during this recession and enable the New Zealand economy to move forward in the longer term.

Investing to upgrade New Zealand’s houses, would also stimulate the economy, and give long-term benefit to the economy by reducing energy waste. It would employ people earlier, and give a far quicker payback, then investing in roading and energy infrastructure.

Both major parties agree that infrastructure investment requires borrowing to pay for road and rail projects. They agree that actual construction could not begin for one to several years. Resource Management Act consents would be needed for the roads, and probably for rail upgrades, and for new or expanded quarries for the necessary aggregate.

Housing retrofits would employ builders and tradesmen, to upgrade insulation, hot water systems, and heating systems. It would help maintain sawmilling and other housing-related manufacturing. Housing retrofit paybacks begin from the day they are completed.

Upgrading New Zealand houses should not require overseas borrowing, because Government already gets enough windfall profit from electricity to supply the $1 billion Household Fund many times over. Emissions pricing will make these windfalls much greater.

In the financial year ending June 2008, the Crown took $1005 million in GST, income tax and dividends from the electricity sector. Of course only part of that was windfall profits, but it compares with the mere $67 million yearly average outlay to the Household Fund.

A $1 billion Home Energy Project should be able to attract a further $4 billion of co-funding, from home owners, savings in health costs and deferral of spending on new electricity capacity.

Questions to all parties: What priority do you give to infrastructure investment, compared to investment on household energy efficiency upgrades?

How would you assure that the Household Fund will deliver benefits that can attract additional funding both from home owners and from other agencies?

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Raising Corporate Taxes Has Become A Hot New Political Cause

Surprisingly, “raising taxes” has become a very fashionable political idea in 2021. That’s right. After decades of being seen (at best) as a necessary evil, higher corporate taxes are now being treated as the Great Good Thing that will revive the US economy, re-distribute wealth productively, help to build neglected and decaying public infrastructure, fund public health, address social inequality, restore a sense of community and generally make everyone feel better about the society in which they live... More>>

 

Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Government: Independent Experts To Advise On Post-Vaccination Future

The Government is acting to ensure decisions on responding to the next phase of the COVID-19 pandemic are informed by the best available scientific evidence and strategic public health advice. “New Zealand has worked towards an elimination ... More>>

Travel: Trans-Tasman Bubble To Start 19 April

New Zealand’s successful management of COVID means quarantine-free travel between New Zealand and Australia will start on Monday 19 April, Prime Minister Jacinda Ardern announced today. Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris ... More>>

ALSO:


Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

Finance: Crown Accounts Again Better Than Forecast

Hon Grant Robertson Minister of Finance The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels