This year, the block offer proposes opening more than 500,000 square kilometers to onshore and offshore drilling and mining. That’s bigger than Spain!
In a nutshell the Green Investment Bank will be a government-owned, for-profit bank. It will partner with the private sector to fund new projects ranging from renewable energy and biofuel production to new clean technologies. You can read the policy here.
This Election, voters have a very clear choice for New Zealand’s energy future: more fracking as National advocates, more risky deep sea drilling as Labour promotes, or more clean energy like solar that the Greens are pushing.
New studies published in one of the most prestigious scientific journals Science, highlights the risks that fracking can cause and increase the likelihood of earthquakes. New Zealand is not called ‘the shaky isles’ for nothing and we need to be very careful about increasing the risk of earthquakes in our already earthquake prone country.