Al-Sisi, Danish FM discuss bilateral cooperation, Palestinian crisis    Egyptian Foreign Minister, Syrian counterpart, discuss bilateral ties, regional issues    Egypt's Foreign Minister, Sudanese counterpart, discuss Sudan crisis    Madbouly inaugurates Badya University in New October    Mansoura University wins UNESCO Confucius Prize for Literacy    El-Enany outlines plans for UNESCO leadership, citing Egypt's rich heritage    Morgan Stanley cuts Brent crude price forecast    Egypt disburses EGP67b to boost export sector since 2019    CIB arranges EGP 7bn syndicated loan for Ora Developers Egypt    Over 2,000 Chinese companies achieve significant growth in Egyptian market: Heiba    China, Norway strengthen green energy cooperation    Google's ad tech practices under antitrust scrutiny    Egyptian Competition Authority charges 21 poultry producers with price fixing in egg market    European shares up on midday    Egypt's Culture Minister seeks input from Writers Union on national strategy    China allows foreign investment in manufacturing, health    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    Culture Minister opens 31st Cairo International Experimental Theatre Festival    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Eslam Piko: Underwater artist capturing beauty below the surface    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    FABMISR supports young female athletes through "Women in Sports" platform    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Swiss freeze on Russian assets dwindles to $6.36b in '23    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



New Zealand ditches clean, green policies for economic lifeline
Published in Amwal Al Ghad on 05 - 08 - 2024

New Zealand's reputation as a global environmental leader is under threat as the government prioritises economic recovery over climate action. In a bid to revitalise the struggling economy, Prime Minister Christopher Luxon's centre-right coalition has reversed key environmental policies.
Since taking office last year, the government has rescinded a ban on oil and gas exploration, delayed the implementation of agricultural emissions pricing, and accelerated mining projects. These decisions reflect a shift towards export-driven growth, as the country grapples with its weakest economic performance since the pandemic.
With exports accounting for nearly a quarter of New Zealand's economy, the government is under pressure to stimulate growth. Resources Minister Shane Jones has described the economic situation as the worst in his lifetime, justifying the push for increased mineral extraction.
"The economic situation for me, is arguably the worst of the set of circumstances that I can remember in my adult life," Minister Jones stated.
"So, when the opportunity arose to champion the re-emergence of the mineral sector it was driven by quite a brutal understanding of what our economic situation is,"
While the agricultural sector, a cornerstone of the economy, has welcomed the policy changes, environmental groups have raised alarm over the potential long-term consequences. Critics argue that the government's short-term focus on economic gains will jeopardize New Zealand's environmental reputation and the prosperity of future generations.
The government's climate change plan, which includes increased tree planting and renewable energy investment, has been met with skepticism. Environmental experts warn that the country risks significant reputational and financial damage if it fails to meet its emissions reduction targets.
As New Zealand navigates this complex balancing act between economic growth and environmental protection, the choices made today will have far-reaching implications for the nation's future.
Attribution: Reuters


Clic here to read the story from its source.