250,000 Green party voters can make the ultimate sacrifice

A $1 billion fund to invest in clean technology and infrastructure will be the “Kiwibank of the clean economy” and push New Zealand towards carbon neutrality by 2050, Green Party co-leader James Shaw says.

Shaw unveiled the ambitious policy on day one of the Greens’ two-day annual conference in Auckland.

Speaking to a room of about 250 party faithful, Shaw said the fund would be a magnet to attract private funding and channel it towards clean projects.

Yes, because whenever government puts money into something, private enterprise rushes in and puts in at least 9 times more than the government.  We see this all the time.   

Shaw said a $100m line of credit would be provided over three years, paid for by the royalty rates on drilling.

Establishing the fund would carry an upfront cost of $10m. Shaw said the Government funds would “act as a magnet” to attract private funds for investment to the tune of $1b.

The fund would have a minimum target rate of return of five per cent, but Shaw expected it to be closer to seven or eight per cent.

Because?

Let’s ask Metiria.  She may expect it to be close to 9 or 10 percent.   We need politicians with better expectations.  That will solve it.

HOW THE GREEN INVESTMENT FUND WORKS:

* The Government kickstarts the fund with an initial injection of $100m

* Private investors also contribute. [HOW?  SOMEHOW?? – WO]  Based on overseas funds, the Greens estimate the Government injection could generate up to $1b early on.

* The fund lends money to organisations that have strong plans to build infrastructure or other projects that help to reduce New Zealand’s contribution to climate change.

* A project gets funded and built

* The organisation pays back its loan to Fund, over time. Or the Fund’s stake in the project gets sold off for a profit.

I have a better idea, and the Greens can make a permanent impact on our climate.

The average human exhales about 2.3 pounds of carbon dioxide on an average day. (The exact quantity depends on your activity level—a person engaged in vigorous exercise produces up to eight times as much CO2 as his sedentary brethren.) – slate.com

In 2014, a little over 250,000 Green party voters put their support behind the party.  If all these people could please take their own life, and given they would have lived on average another 35 years, we’re talking over THREE TRILLION pounds of carbon saved.

Clearly not every Green voter will be without pets.  And a lot of them will have cats.  They will need to be euthanised as well, bringing the CO2 savings closer to FOUR TRILLION pounds between now and 2050.

Super bonus?  Think of all the native birds, wetas and other wild life that will thrive because of the cats having been put to sleep for the Good of Man.

 

– Stuff

 


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