Environment and Climate change
New Zealand needs to plan for the next Cyclone Gabrielle, and all the ones after that. These will cost billions of dollars.
"Do you think we should plan now for compensating those affected by such major weather events? How will your government fund this?"
"Do you propose “polluter-pays” strategies to stop industrial activities that harm the environment and contribute to climate change?"
"New Zealand must contribute to global attempts to stop climate change. How do your proposals include funding for prevention of climate change?"
Answer
Information to support the questions:
Work done by Treasury and the Ministry for the Environment suggests that Climate Change will impact negatively on our Gross Domestic Product and increase Net Crown Core Debt. The Climate Fiscal and Economic Assessment for 2023 can be found here.
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