Graham KennedyDr KENNEDY GRAHAM (Green): I want to focus on just one aspect of the annual report and that is to do with climate change which has become a theme from colleague Andrew Bayly and then Dr Megan Woods Scott Simpson Denis O'Rourke and others. I just want to make a couple of points.Looking at the annual report page 335 I think it was Dr Megan Woods who said: The chief executive told us that climate change is 'perhaps the global issue of our time' ". I would actually make a separate different comment and that is that she magnificently understated it. That is not to say that we do not highly regard the chief executive and the Secretary for the Environment and her deputies—they are all extremely competent and capable public servants. But that is a gross understatement. Compare it with the statement by the UN Secretary-General a year earlier at his climate summit on 24 September 2014 that humanity has never faced a greater challenge. That is a sentence we should be rallying around: humanity has never faced a greater challenge. The dreams of humanity hang in the balance. "To ride this storm we need all hands on deck."If we take that as our departure point throughout this Chamber—all 121 members of Parliament on behalf of the 4.5 million whom we represent—then we are in the business of taking climate change seriously with a recognition of the imperative of urgency. On that basis I think it is incumbent on all of us to move forward purposefully and collaboratively while contesting each other's ideas and challenging our different parties' views of where we should be going or rather having agreed where we should be going we challenge each other on the pace and the particular path that we take. That I think is what is underpinning the cross-party group that is GLOBE-NZ of which Scott Simpson—and others—has been a tremendously constructive and supportive and influential member of the executive committee. It underpins the theme with which I think we in GLOBE-NZ are pursuing climate change policy now.Two particular points: Scott Simpson mentioned the release this afternoon by the Hon Paula Bennett climate change Minister and the Hon Steven Joyce the finance Minister about the Productivity Commission. I think that is an extremely welcome development where they now say that the next step in the climate change work programme will enable us to properly assess the economic trade-offs and we need the Productivity Commission to tell us the right path to go down. In the press release the Ministers actually say that this complements the work undertaken by the parliamentary cross-party group GLOBE-NZ and I wish to thank the Minister for that and respond that I am sure GLOBE-NZ will take a particular interest in that. That does not mean that we will stop calling upon the Government to consider seriously the establishment of an independent climate committee which is a different thing again with far broader powers of recommendation and advice to the Government for a macro-economic approach to climate change.Finally to address another issue and that is climate-related investment which does not get enough attention as much as it should. There is the latest global climate index 2017 which has been put out by a French-based official agency in advance of the G20 meeting in July which rates New Zealand's Superannuation Fund at No. 15 which you could be disposed to say is an excellent record. Or which you could be disposed to say could do with some improvement because if we look at the fact that there are 14 other sovereign wealth funds or pension funds ahead of us we can do better. Thank you."