Good budget for the Greens

This was the first part that the Green Party has played a part in so it is understandably a big deal for them. They deserve credit for some achievements, like the biggest increase in DOC funding for many years.

James Shaw has been granted a $100 million Green Investment Fund.

This looks paltry beside the $1b per year Provincial Growth Fund that NZ First got out of Labour, but it is enough for Shaw to prove whether is right in thinking that a revolutionary Green economy can be seeded. If he starts well with what he has got then there could be scope for more.

I want to acknowledge the vision of my predecessor Dr who campaigned in 2011 and in 2014 for a state-owned, but fully commercial, Green Investment Fund.

It’s time for Shaw and the Greens to deliver on one of their most important policies.

Other Green gains have been relatively modest, but worthwhile nevertheless.

There is an additional $181.6 million in operational funding for conservation initiatives over the next four years. This funding will start to turn around the biodiversity crisis, where 82 per cent of native birds are threatened or at risk of extinction.

Shaw on farming initiatives:

Farmers & rural communities must be supported in the transition that New Zealand needs to make. So I am delighted that today’s Budget includes $15 million over the next four years for the Sustainable Farming Fund.

A lot of farmers are already taking great strides forward by reducing their environmental impact but at the same time improving their profitability. This is how we are investing in a Sustainable Economy. This is how we are investing in our future.

It’s good to see Shaw acknowledging that “a lot of farmers are already taking great strides forward by reducing their environmental impact”, but the sustainable farming funding is modest, like most of the green gains.

Not so modest have been the Green leaders. Shaw:

It makes me & my colleagues proud to be a part of this Government. To have had a hand in the development of this Budget – the Greens’ first Budget in Government. To be laying the foundations for a truly sustainable economy, a healthy environment & a fair society.

We support this Budget & stand ready to provide the ideas, & the vision, & the energy to build on it into the future. This Government is investing in a better, more resilient, more sustainable future for all New Zealanders, and for this beautiful land we call home.

Some good Green gains, but no real sign of “foundations for a truly sustainable economy, a healthy environment & a fair society”. Yet. There is a lot of work to be done. Green revolutions take time, especially when they are competing with NZ First for funds for their policies.

It looks like a good budget for the Greens, but nothing extraordinary.

6 Comments

  1. David

     /  May 18, 2018

    I am interested in his 100 million fund and how it performs as these green funds overseas have pretty awful results in countries far more sophisticated than our little backwater, perhaps our innovative little country will succeed where the home of MIT, Harvard and Cambridge University have fallen short.
    Its a far better investment than a bloody embassy in Sweden.

    • It’s a very important test for Shaw and the Greens – time for them to prove there’s a green economic future.

  2. Alan Wilkinson

     /  May 18, 2018

    Ludicrous spin. See the Herald comparison here:
    http://insights.nzherald.co.nz/article/2018-budget-compared/

    Environmental Protection: National’s last budget 2017 $1,362M, Labour 2018 $1.266M.

    And the Green clowns are spinning this as a win for the environment?!

    • High Flying Duck

       /  May 18, 2018

      Looks like a real terms drop in environmental funding from this Green Budget doesn’t it?
      Down as a % and down in dollar terms.
      The Greens must be proud.

      • Gezza

         /  May 18, 2018

        Still – got new oil & gas permits axed. Gotta be good in the long run – yes? 😳

        • Kitty Catkin

           /  May 18, 2018

          The ideal Green car – something like Fred Flinstone’s one.

          Or the Waiwai Express ! I like it that young people use that expression.