Latest / The Kākā by Bernard Hickey
Isn't this the rainy day we're supposed to be saving up for?
TLDR: Aotearoa’s Government effectively decided without debate in late 2021 when it created the $4.5 billion Climate Emergency Response Fund that it would be fiscally neutral, which means it does not increase the Government’s debt and does not ‘pay forward’ investment by today’s taxpayers to help future taxpayers deal with or reduce the pain of climate change.The fund essentially recycles revenues from the Emissions Trading Scheme (typically from higher petrol and diesel costs) into operational and capital spending on climate measures. The other flagship climate policy introduced by the…
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