THE future of New Zealand (and possibly the world, for that matter) hinges on a seesaw that sits the environment at one end and the economy at the other and then tries to achieve balance.
It is a conundrum that is neatly microcosm-ed by Trans Tasman Resources' (TTR) application to mine ironsand from the seafloor off the South Taranaki coast.
On the one hand is the threat to the environment - either some kind of malfunction and subsequent ecological disaster, or the long-term effects of sucking up vast quantities of sand and, after extracting iron particles, dumping most of it back on the seabed - and on the other is the boost to the economy (jobs, local economic growth and revenue for the national exchequer).
The Environmental Protection Agency (EPA) has been set up to make these often subtle judgment calls. You do not envy them the task. Even after they have absorbed and comprehended all the technical arguments, they then have to weigh up an ethical choice. And, of course, if they get it wrong the result could be very serious. It is wisdom of Solomon stuff.
Don't be overly fooled by the "Environmental Protection" tag. If that was their only raison d'etre, they would simply say no to all applications to exploit our natural resources.