novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 27, 2020 15:49:22 GMT
Green Energy Financing Act
Author: Rutger de Vries-Lau (UCP)
Sponsors: Susilo Sri (UCP), Joseph Yu (UCP), Willem van Aldenkamp (Reform), Floortje Cheung (UCP), Hubert Aarts (Ind.), Yang Kang (Democratic), Jakob van der Hegel (NVP), Jan van der Stel (NVP), Zhang Qiaoqing (Socialist)
An Act to provide capital for financing a transition to green energy in Banduria.
BE IT THEREFORE ENACTED, as follows:
§1 - Structure of the Green Energy Bank of Banduria (GEBB):§2 - Purpose of the Green Energy Bank of Banduria§3 - Capitalization and Financing of the Green Energy Bank of Banduria |
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agarn
Member
Posts: 66 
Party: UCP
Character: Susilo Sri MP
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Post by agarn on Apr 27, 2020 16:17:13 GMT
Sponsor, Susilo Sri (UCP)
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crylante
Administrator
His Highness
Posts: 25
Party: Reform Party
Character: Alana Lam
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Post by crylante on Apr 27, 2020 18:15:41 GMT
Sponsor, Willem van Aldenkamp, Reform
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cranlet
Administrator
Posts: 42 
Party: Socialist Party
Character: Anita Chow
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Post by cranlet on Apr 27, 2020 22:21:47 GMT
Sponsor, Floortje Cheung, UCP.
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sarderia
Member
Posts: 17
Party: Nationale Vrijheidspartij
Character: Jakob Rutgers Maurits van der Hegel
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Post by sarderia on Apr 28, 2020 9:31:06 GMT
One percent of GDP is rather too high for a green energy funding program, especially when it goes to investments rather than outrightly constructing green energy power plants. For example, Singapore's government expenditure as % of GDP is about 14% of their GDP, which they mostly spend in military, infrastructure projects such as water and land reclamation. A significant percentage of it comes from debt as well. Banduria, which I imagine has a similar population as Spore (google docs said it's in the millions), would have to manage the expenditure carefully as well. I think about 0.10 to 0.25% of the GDP is more than enough.
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Vedastia
Member
Posts: 28
Party: National Freedom Party (NVP)
Character: Jan van der Stel
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Post by Vedastia on Apr 28, 2020 10:15:54 GMT
One percent of GDP is rather too high for a green energy funding program, especially when it goes to investments rather than outrightly constructing green energy power plants. For example, Singapore's government expenditure as % of GDP is about 14% of their GDP, which they mostly spend in military, infrastructure projects such as water and land reclamation. A significant percentage of it comes from debt as well. Banduria, which I imagine has a similar population as Spore (google docs said it's in the millions), would have to manage the expenditure carefully as well. I think about 0.10 to 0.25% of the GDP is more than enough. Agreed. I would be willing to sponsor if it was 0.25% of GDP. |
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 28, 2020 13:10:32 GMT
One percent of GDP is rather too high for a green energy funding program, especially when it goes to investments rather than outrightly constructing green energy power plants. For example, Singapore's government expenditure as % of GDP is about 14% of their GDP, which they mostly spend in military, infrastructure projects such as water and land reclamation. A significant percentage of it comes from debt as well. Banduria, which I imagine has a similar population as Spore (google docs said it's in the millions), would have to manage the expenditure carefully as well. I think about 0.10 to 0.25% of the GDP is more than enough. Agreed. I would be willing to sponsor if it was 0.25% of GDP. Is there room to negotiate, gentlemen? 1%, I think, would spur a lot of additional money from other investors and would allow the private sector to rapidly pursue green electrification. I might be able to revise it down a little. Additionally, our neighbors range from 14.6% in Singapore to 22.7% in Malaysia, so I think there's room for spending. |
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sarderia
Member
Posts: 17
Party: Nationale Vrijheidspartij
Character: Jakob Rutgers Maurits van der Hegel
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Post by sarderia on Apr 28, 2020 16:52:09 GMT
Agreed. I would be willing to sponsor if it was 0.25% of GDP. Is there room to negotiate, gentlemen? 1%, I think, would spur a lot of additional money from other investors and would allow the private sector to rapidly pursue green electrification. I might be able to revise it down a little. Additionally, our neighbors range from 14.6% in Singapore to 22.7% in Malaysia, so I think there's room for spending. I would be very willing to sponsor it myself, but the most important part here is that it's not direct government participation in building green energy plants; it's an investment. Moreover, we have to rely to the private sector, if any of them is interested, to bulid the green power plants we need to transform our energy source. Giving incentives is not enough to encourage private sector participation if you ask me, honourable member. If it was the Ministry of Energy building solar panel plants or windmills I would have agreed, because we could manage it on our own. I think about 0.50% of the GDP is a good start already. Singapore often used their spending to reclaim more land and bulid infrastructure - they have a very minimal land area, and it is costly. The Malaysian government need to fund their SOEs which, by the way, not all of them are in the financial sector; there's also the need to provide federal funds to Sabah, Sarawak and other states. In Banduria however our budget is not even drafted. I would support if it's 0.75% of the GDP. |
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 28, 2020 20:10:19 GMT
Is there room to negotiate, gentlemen? 1%, I think, would spur a lot of additional money from other investors and would allow the private sector to rapidly pursue green electrification. I might be able to revise it down a little. Additionally, our neighbors range from 14.6% in Singapore to 22.7% in Malaysia, so I think there's room for spending. I would be very willing to sponsor it myself, but the most important part here is that it's not direct government participation in building green energy plants; it's an investment. Moreover, we have to rely to the private sector, if any of them is interested, to bulid the green power plants we need to transform our energy source. Giving incentives is not enough to encourage private sector participation if you ask me, honourable member. If it was the Ministry of Energy building solar panel plants or windmills I would have agreed, because we could manage it on our own. I think about 0.50% of the GDP is a good start already. Singapore often used their spending to reclaim more land and bulid infrastructure - they have a very minimal land area, and it is costly. The Malaysian government need to fund their SOEs which, by the way, not all of them are in the financial sector; there's also the need to provide federal funds to Sabah, Sarawak and other states. In Banduria however our budget is not even drafted. I would support if it's 0.75% of the GDP. Why the preference for direct government action? Won't the private sector work out the demand for green energy if given enough of a push by the government, versus the relative inefficiency of govt. projects? It also allows for lower levels of govt and people on the ground who know the needs more than the central govt to make more of the decisions. The green energy sector is an area in which a lot of money could be made to supply the growing energy needs of a rising economy, especially one with a burgeoning tech sector. The incentives could spur growth in Bandurian-owned companies. I appreciate the willingness to move on 0.5-0.75%, and I'll revise it down to 0.75%, since we do expect to raise capital through shares as well. |
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martune
Administrator
Gotta go
Posts: 16
Party: Communist Party
Character: Mina Mooren
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Post by martune on Apr 29, 2020 18:16:43 GMT
Sponsor, Hubert Aarts (Ind.)
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saonovaeuropa
Member
Posts: 20
Party: Democratic Party
Character: Yang Kang
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Post by saonovaeuropa on Apr 29, 2020 19:00:23 GMT
Sponsor, Yang Kang (Democratic Party)
I have spoken many times about the need to take action on the front of climate change, and financing the green energy sector will go a long way towards moving the country into the right direction.
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sarderia
Member
Posts: 17
Party: Nationale Vrijheidspartij
Character: Jakob Rutgers Maurits van der Hegel
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Post by sarderia on May 1, 2020 16:40:48 GMT
With the GDP issue resolved, Sponsor, Jakob van der Hegel (NVP)
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Vedastia
Member
Posts: 28
Party: National Freedom Party (NVP)
Character: Jan van der Stel
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Post by Vedastia on May 1, 2020 17:29:47 GMT
Sponsor, Jan van der Stel (NVP).
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merni
Administrator
Posts: 41
Party: Socialist Party (SP)
Character: Zhang Xiaoqing
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Post by merni on May 1, 2020 17:41:49 GMT
Sponsor, Zhang Xiaoqing, SP.
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on May 1, 2020 19:04:10 GMT
Thanks everyone for the sponsorships. This bill has been moved to the Speaker's Office on Discord.
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