James Shaw, Greens AGM: Green Infrastructure Fund Speech

“Therefore, because we can, because we must, because it is right – today, I do commit – and we the Green Party commits – to the goal of making New Zealand carbon-neutral by the year 2050.

The Green Party, in government, will establish a Green Infrastructure Fund to accelerate New Zealand’s transition to a greener economy.

The Fund will cost $10 million to establish in year one and have access to an initial line of credit of $100 million over year two and three.

We will pay for this, at least in the short-term, by raising oil royalty rates from 46 percent to the international average of 70 percent.

And the Fund will be one of my personal economic development priorities as a new Minister in Cabinet, up and running within 12 months of the formation of the new Government.”

Read the Transcript here: https://www.greens.org.nz/news/speech/james-shaw-speech-green-party-agm-green-infrastructure-fund

Reported in the NZ Herald here: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11891042

And reported in Newshub here: http://www.newshub.co.nz/home/politics/2017/07/carbon-neutral-by-2050-the-green-party-s-big-clean-tech-infrastructure-plan.html