Typical Green economics

Jason Krupp at Stuff reports:

New Zealand, which made headlines by illegally occupying oil drilling rigs, has opened a new front against the National-led Government – the .

Today, the environmental lobby group will make public a 30-page report, The Future is Here, outlining the economic gains within New Zealand’s reach if it begins transforming its oil-based economy to a green one. …

The think tank modelled what would happen if the country produced 100 per cent of its electricity from renewable sources by 2025, and was fully reliant on renewables for all its energy needs by 2050.

The headline figures suggest New Zealand could be oil free in 22 years, save $7 billion a year in oil imports by 2035, and create 27,000 jobs in the bio-energy sector. It would also reduce the country’s greenhouse gas emissions by 94 per cent on 2009 levels.

So what would this all cost?

Where the report stumbles is on the financial side, giving no detail on the level of investment required or the economic tradeoffs, making it impossible to judge if the transformation would be worthwhile or simply a pyrrhic environmental victory.

An economic report that doesn’t even detail the cost isn’t worth the recycled paper it is printed on.

Argent said this was a deliberate choice, with the aim of the report to spark a discussion rather than getting too bogged down in the numbers.

Oh yes, let’s avoid minor details such as cost. I mean you can just print more money – right?

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