Actionstation.org.nz
The market won’t save us: Climate action for public good, not private profit.
The catastrophic outcomes of climate change, like the horrific impacts of Cyclone Gabrielle, have shown how important resilient and sustainable infrastructure is to our health and wellbeing. Infrastructure, like the trains we catch and the pipes that provide clean water to our taps, are public necessities that we all depend on to live good lives.
Only yesterday in the election debate, we heard both the government and the opposition focus their climate policies on market-led approaches that fail our communities. This year, Labour announced a $2 billion fund of private investment renewables, collaborating with BlackRock - a company that also owns more than two billion thermal coal reserves1. National and ACT’s energy policies rely on corporate investment in emissions-cutting technology.
However, we’re not convinced the market can deliver a speedy and just transition to a low-carbon Aotearoa. We know that asset exploiters like BlackRock are driven by profits and short-term thinking, not public good.
Instead of begging for private investment, the government should be taxing the big polluters making windfall profits - and using this to provide upfront capital for community and kaupapa Māori energy projects who are already leading the way across Aotearoa2. We need publicly-owned and publicly-funded infrastructure projects, for public good.
This is why we’re running a webinar called “The market won’t save us: Climate action for public good, not private profit.” at 7pm, Wednesday the 27th September.
Register now |