Yesterday, the Green Party launched a pre-budget policy … “as a first step in accelerating New Zealand's transition to a smarter greener economy” …but from what we’ve seen so far, there a few glaring issues with how they propose to get the green economy into the black.
They’ve said they would set up a “Green Investment Bank”, if they get into government. The bank would use public funds to leverage private investment, in order to rewire our economy and harness New Zealand’s clean energy expertise. Co-leader Russel Norman argues it could reduce pollution, create jobs and deliver solutions to environmental problems like climate change.
And as was pointed out, New Zealand would not be the first to create such a bank. Many of our trading partners in UK, Germany and the US have successfully set... Read more >