New Zealand Government released their Wellbeing Budget 2019 today. Below are some key elements for your reference and review.
Tackling the waste problem
The Government recognises New Zealanders care about the amount of waste that goes to landfill and is committed to reducing those volumes.
The Wellbeing Budget provides $4 million over four years to help the Ministry for the Environment work on improving recycling and resource recovery and shifting New Zealand to a more efficient zero waste economy.
It will build on work underway to improve the data on waste and develop mandatory product stewardship schemes for tyres, lithium batteries and refrigerants. The new funding will help implement a national resource recovery programme in response to China’s waste ban and action on single use and problem plastics.
“New Zealanders care deeply about reducing waste. This funding forms part of our plan to turn around New Zealand’s poor record on waste,” the Associate Environment Minister Eugenie Sage says.
Budget 2019 invests a further $18 million over four years to continue the Bioresource Processing Alliance and Product Accelerator.
The Bioresource Processing Alliance co-funds and co-develops innovative products or processes that turn low value biological waste streams into new high-value products. The Product Accelerator also helps develop technologies that create new products, new market opportunities and grow New Zealand’s exports
Meeting the climate change challenge
The Government is setting into law greenhouse gas reduction targets to meet the Paris Agreement goal of keeping temperature rise to no more than 1.5 degrees. The Wellbeing Budget provides $107 million to ensure the economic transition required to deliver those emission reductions is effective, efficient and just.
Working with farmers to tackle climate change
Investment in research and development is required so we can develop new ways to reduce greenhouse gas emissions in the land sector.
Government will work alongside industry to invest in research that provides benefits to the sector.
Budget 2019 invests $8.5 million in 2019/20 in the Global Research Alliance (GRA) on Agricultural Greenhouse Gases to reduce and mitigate agricultural emissions.
An investment of $25 million over four years will go into the Agricultural Climate Change Research Platform to support world-class research here in New Zealand to help agriculture deal with the effects of climate change.
Transitioning to a low-carbon future
To tackle the long-term challenge of climate change, the Government will also invest in research into cutting edge energy production.
The National New Energy Development Centre will help create new business and jobs in Taranaki while helping New Zealand move towards clean, affordable, renewable energy and away from fossil fuels.
The Wellbeing Budget invests $27 million to set up the centre in Taranaki, alongside a further $20 million over four years to establish a new science research fund for cutting edge energy technology so that we can look into the likes of organic photovoltaics, super conductors, nanotechnologies and inductive power.
Megan Woods says the centre will work closely with industry to test and trial technologies across a range of new energy forms such as offshore wind, hydrogen, solar, batteries, geothermal, and waste-to-energy.