NSW Government fails future generations by ignoring climate change and housing crisis

“A forecast that ignores the major threats to the wellbeing of future generations, climate change and the crisis in affordable housing, is irresponsible” said Ms Jan Barham, Greens NSW spokesperson for Climate Change and Housing.

“It’s beyond negligent for the NSW Government to release an Intergenerational Report that fails to provide a plan for action to limit global warming and how NSW is preparing for the increasing impacts of climate change in the coming decades”.

“This report makes the nonsensical prediction that mining royalties and coal prices will continue rising through to 2056[1], but makes no mention of renewable energy and how we must transform our society.”

“The Government’s so-called vision of the future is blinkered to the most serious risks and without a plan for capitalising on the opportunities for clean energy and adaptation.”

The NSW Government’s response to affordable housing is confined to forecasting that 45,000 new homes will be built each year up until 2056, despite average new dwelling numbers hovering around 30,000 per year over the past 15 years.

“Increasing supply does not automatically translate to more affordable housing. NSW needs to adopt affordable housing targets if it is to address the chronic problem of housing stress across the state.”

“The Government has also admitted that it is increasingly dependent on stamp duty for revenue. As long as the Government is reliant on stamp duty windfalls to balance its budget, it will be responsible for fuelling speculative investment in housing and driving up house prices.”

“With the number of people aged 65 and over forecast to comprise 25% of the population by 2056, affordable and accessible housing must be increased to meet rising demand because most older people will be on low incomes.”

For further comment, please contact Jan Barham directly on 0447 853 891

Complete NSW Intergenerational Report 2016 can be found here: http://www.treasury.nsw.gov.au/__data/assets/pdf_file/0020/128144/Intergenerational_Report_2016_-_full_report.pdf

[1] p.75