Stephen Joyce: Former Finance Minister on the decision not to include the cost of climate responsibilities in the Government books

Published: March 11, 2024, 8:37 p.m.

Treasury has killed plans to include the cost of climate responsibilities on Government books.\xa0

Former Climate Change Minister James Shaw wanted the $23 billion cost included.\xa0

But Treasury says the sum doesn't meet generally accepted accounting methodology.\xa0

Former Finance Minister Steven Joyce told Mike Hosking that including the cost would be purely political.\xa0

He says it's listed on the accounts as a fiscal risk but doesn't need to be quantified at this stage.\xa0

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