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Climate and costs

Budget 2023 has produced the usual tsunami of comment, and criticism, from all and sundry. Most concerning, though, has

been that coming from economists, who, in making projections for next year and beyond, make no cost provision for further climate change disruptions, like Cyclone Gabrielle and its aftermath. These are going to continue every year from now on, with the same catastrophic effects – and with the same millions of dollars having to be found, to fund the massive relief operations required each time.

These so-called experts fail to factor in, even now, the magnitude of the devastation that climate change will continue to bring down on us, in our daily lives.

This ignorance extends to National and their tax cuts, which, if implemented, would inevitably increase the need for more extensive government borrowing, in order to meet this environmental emergency funding and so increase New Zealand’s debt burden.

Get real everybody! The problem is massive. The cumulative effects of climate change will totally up-end our current economic systems, and ultimately, our capitalist structure as a whole.

Welcome to the new reality. Clyde Scott, Auckland

OPINION

en-nz

2023-05-28T07:00:00.0000000Z

2023-05-28T07:00:00.0000000Z

https://fairfaxmedia.pressreader.com/article/282153590655446

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