New Zealand First held its party conference over the weekend, and among all the weirdo cooker shit and outright racism, Winston dropped another election policy: a billion dollar subsidy for gas exploration, lest we be left behind in destroying the planet.
And today the Greens offered their alternative: a billion dollar investment in renewable firming for the grid, to help our energy transition and keep power prices low:
The Green Party wants to use its ‘Super Rich Tax’ to establish a publicly owned renewable energy company called Kiwipower, to fill the gaps they say the market has failed to fill.NZ First naturally offered no clue as to where their billion dollars would come from. The Greens, after years of the media crying "how will you pay for it!?!", said so explicitly. But its also worth noting that Kiwipower is an asset, and so the "spending" is largely an exercise in moving money from one column of the government's books to another. Ditto the mass installation of solar on state houses. And given what we know about home insulation, the "spending" will be more than saved in reduced downstream health costs. What does NZ First offer us? At best, a billion dollars down a black hole. At worst, the continued destruction of the global climate, with ongoing increased costs for health and natural disasters.The party says Kiwipower could use a combination of pumped hydro, geothermal and batteries to backup more intermittent renewable sources like wind and solar, making them a far better investment.
The party’s freshly released energy election policy would also see the wealth tax used to put solar panels on more than half of all public homes within four years, give renters access to plug-in solar, and expand the Warmer Kiwi Homes programme for insulation.
It would also invest $200 million for community-owned renewable energy and commit another $80m to Māori housing.
There's a clear choice here, and it should be obvious which one is a better deal, both for us as individuals, and for Aotearoa.




