Can Covid-19 and KiwiSaver help with global warming?
The Covid-19 pandemic has ushered in a new tolerance for governments thinking big. Out of sheer necessity, they have stepped in to prevent global economic meltdown. No one else could have borrowed and spent so much. We are all Keynesians now.
In this article, Sam Stubbs argues that we’ll need to keep this attitude of more funding for science, because an even bigger crisis is just round the corner - climate change.
Addressing climate change needs massive long term spending in research, development and implementation, across both the public and private sectors. We have to fundamentally reset how we make, grow and consume things.
The Goverment have an important role to play, but there is also plenty of private capital available to fund innovation, and profit. In New Zealand, it includes $76 billion of KiwiSaver savings available right now.
Read the full article on Stuff here.