TTR hearing - EPA How is the decision being made? Best interest of - - PowerPoint PPT Presentation

TTR hearing - EPA

• How is the decision being made?

– Best interest of New Zealand?

TTR hearing - questions

• Assets of New Zealand will be harvested through

a 90% + owned company

– Will everyone in NZ be better off? – What are the real benefits and real costs? – What are the risks? – What are the values all the assets involved? – What are the hidden costs? Who will have to pay it? – What will really be the net benefit for New Zealand?

Concepts

• Economy concept:

– Equilibrium can be achieved in a Pareto Optimal situation. – Pareto Optimallity is reached when everyone involved is better off.

• Is everyone better off?
• Has TTR proved that everyone involved is better off?

Concepts

• Economy concept:

– Market Equilibrium is different than Social Equilibrium – Government can interfere to ensure Social Equilibrum

• Is social equilibrium achieved?
• Has TTR and the government established the policy to

ensure that?

Concepts

• Environmental Economics concept:

– Culture and society are social assets – Enviromental services and goods are natural assets

• Have these social and natural assets being evaluated to

see if there is no impact?

• How much of them will be lost?

Environmental Economics Theory and Policy Alfred Endres 2010

Concepts

• Environmental Economics concept:

– How to value Biodiversity and Human diversity

• What is the real value of a life?
• What is the real value of a landscape?
• What is the real value of a community?
• Can anything converted into money value and freely

exchanged?

• Can money replace it?

Environmental Economics Theory and Policy Alfred Endres 2010

Concepts

• Natural Capitalism concept:

– The society cannot mantain its level of production and consumption:

• Is there a better way to do it?
• Can we produce the same amount of iron in a different

way?

• Can we produce the same amount ot value in a

different way?

Natural Capitalism: Creating the Next Industrial Revolution Paul Hawken , Amory Lovins , L. Hunter Lovins 1999

Risks:

• NZ Tourism Industry:

5,000 10,000 15,000 20,000 25,000 Millions

Revenues

Tourism (2013) TTR (projection)

http://www.mbie.govt.nz/pdf-library/what-we-do/business-growth-agenda/sectors-reports-series/tourism-report.pdf

50,000 100,000 150,000

Jobs

Jobs

Tourism (2013) TTR

0.18% 1.2%

Risks:

• NZ Whale Watch

Tourism Industry:

http://www.ecolarge.com/wp-content/uploads/2010/06/NZ_Whale_Watching_Report_2005-Final1.pdf

100 200 300 400

Total Expenditure

Millions

Revenues

Whale Watch NZ (2005) TTR (projection)

425000 visitors went for whale watching in NZ (2005) 10% growth yearly worldwide (2005), in 10 years can surpass

Risks:

• NZ Agricultural Industry:

5,000 10,000 15,000

Exports

Millions

Revenues

Dairy (2012) Horticultural (2012) Beef and Meat (2012) Seafood (2012) Wine (2012) TTR (projection)

http://www.mbie.govt.nz/pdf-library/what-we-do/business-growth-agenda/sectors-reports-series/tourism-report.pdf

0.7%

NZ’s Agribusiness Top AGENDA ranks 2: “ROBUST PRACTICES TO SUPPORT NZ’S CLEAN GREEN IMAGE”

Risks:

• Environment:

http://www.mbie.govt.nz/pdf-library/what-we-do/business-growth-agenda/sectors-reports-series/tourism-report.pdf

50 100 150 200

Total Expenditure

Millions

Investment to recriate environment

Biosphere 2

Biosphere 2 failed to maintain life in 0.01km2 – how can we recover 65.6 km2?

Social Compensation / Mitigation:

• How much will be paid for the 3.000

submitters envolved?

• How much will be paid for people who live in

affected places in compensation for devaluation of their assets, homes, jobs and lifestyle?

• How much will be paid for the 104.000

Taranaki and 382.000 Waikato Population?

• How much will be paid for the Iwi?

Environmental Compensation / Mitigation:

• What is the amount of investment from TTR to

recover all the life and the environmental services provided?

• What is the cost to raise and breed a new

specie of Dolphin or Whale?