INDEPENDENT NEWS

Government ignores opportunities to avoid squandering $14b

Published: Wed 24 May 2017 11:07 AM
24 May 2017
Position statement
Government ignores opportunities to avoid squandering $14billion
The Bioenergy Association says it’s disappointed the Government is not recognising that by investment in bioenergy and other renewable energy opportunities within New Zealand that it can avoid squandering $14billion to overseas countries to meet our climate change obligations.
Bioenergy Association Chair Grant Smith is asking Government to create a working group involving all the renewable energy organisations to investigate the opportunities for reducing greenhouse gas emissions so that we can meet our Paris Targets. Last year 22 renewable energy related associations came together and showed how much greenhouse gas emissions reduction could be achieved at what appears to be minor investment cost.
“Government should be sitting down with renewable organisations as a group and discussing how we can deliver the highest value options and ensure the economy and society benefits across all measures - not just cost. This should be done before they start paying any of that $14billion.”
“Buying carbon credits offshore will only give tax payer money away when it could be used to help business and local government to reduce greenhouse gas emissions. These reductions are permanent whereas buying international carbon units are an on-going payment until we reduce the emissions. Spending the money now avoids an ongoing commitment. We should be taking advantage of low-cost opportunities to reduce our carbon emissions here in New Zealand by increasing our use of bioenergy, particularly in the heat sector.”
“The Bioenergy Association would like to see the Government explore these opportunities, as have the UK with its Renewable Heat Incentive, and Australia with its Emissions Reduction Fund.”
Mr Smith says the Government should see climate change targets as an opportunity for New Zealand business and the economy, not a cost.
“Bioenergy has the potential to add revenue of $6 billion to the country’s economy, and to create jobs and economic growth – particularly in the regions.
“In the short term, we’d like the Government to encourage the heat market to use wood fuel, farmers to process farm waste to produce bioenergy and local authorities to use organic waste for heating and transport fuel instead of dumping it in landfills.
“Such leadership would show other potential users the viability of bioenergy and support expansion of the wood fuel and biogas markets. Our bioenergy opportunities are based on well-proven technology, so don’t require further research or exploration. What we need is Government support to speed up growth of the market. We would like the opportunity to sit down with Government to discuss what can be done if we work collectively”
Mr Smith says there are many economically viable niche bioenergy opportunities. “With Government support and near zero cost, the number of opportunities could increase considerably, using New Zealand’s good supply of renewable natural resources to achieve significant economic, employment and environmental benefits.”
Ends

Next in New Zealand politics

Wealth tax not a bottom line for Green Party but they will push for it - Shaw
By: RNZ
More Border Exceptions For Critical Roles
By: New Zealand Government
Watch: PM Jacinda Ardern announces decision on alert levels for Auckland, rest of New Zealand
By: RNZ
Supporting Workers And Valuing Their Contribution
By: New Zealand Labour Party
Dunne Speaks: The Election Campaign Just Grinds Slowly On And On
By: Peter Dunne
Electoral Commission: Candidate And Party Lists Released
By: Electoral Commission
National Releases Its Plan To Restore NZ’s Prosperity
By: New Zealand National Party
New Zealand First Party List
By: New Zealand First Party
Arriving Travellers In Isolation To Be Able To Vote By Telephone
By: Electoral Commission
Radical Green-Labour Government Puts Recovery At Risk
By: ACT New Zealand
Wealth Tax Demand: Only Jacinda Ardern Can Rule It Out
By: New Zealand Taxpayers' Union
National’s Smart Border Plan Will Grow The Economy
By: New Zealand National Party
Seasonal Work Visa Available To More People
By: New Zealand Government
Covid Restrictions A Relief – But We Never Should Have Been Here
By: ACT New Zealand
Two Weeks Too Long In Level Two
By: Auckland Business Chamber
View as: DESKTOP | MOBILE © Scoop Media