Topics tagged with 'Green finance'
Developing countries will need US$310 billion annually for climate adaptation by 2035
Today 11:30am
Media release - UN Environment Programme: Slow climate adaptation is threatening lives and economies.
Super Fund smashes decarbonisation goals
23 Oct 2025
By Pattrick Smellie | The New Zealand Superannuation Fund continues to blow through its self-imposed targets for decarbonising its investment portfolio, increasing its exposure to fast-growing green technology opportunities in the process, according to its 2025 climate statement.
Govt to ease climate reporting thresholds, water down liability
22 Oct 2025
By Pattrick Smellie | The rollback of climate change reporting requirements has produced a wave of relief in corporate New Zealand as managed investment funds and listed companies with annual revenue under $1 billion are exempted.
Climate investment is only growth opportunity of 21st century, says leading economist
15 Oct 2025
Investment in climate action is the economic growth story of the 21st century, while growth fuelled by fossil fuels is futile because the damage it causes ends in self-destruction, the economist Nicholas Stern has said.
NZ’s biggest ever climate meeting kicks off
14 Oct 2025
By Liz Kivi | The world's largest climate adaptation conference kicked off in Christchurch yesterday, with nearly 2000 attendees expected, making it potentially the biggest international climate meeting Aotearoa New Zealand will ever host.
Farmers face heightened solvency risks as climate changes: research
10 Oct 2025
By Pattrick Smellie | Increasingly volatile weather patterns, higher insurance costs driven by climate change risk and global financial volatility represent risks to New Zealand farmers’ capacity to service debt and remain solvent, according to new research by Christchurch-based research firm Kōmanawa Solutions.
Major UN climate conference in Christchurch next week
7 Oct 2025
By Shannon Morris-Williams | A major United Nations climate conference is coming to Christchurch next week, with organisers aiming to spotlight Pacific realities, Indigenous innovation, and the policies needed to scale climate adaptation across policy, finance and on-the-ground practice.
$1.5m for climate action
6 Oct 2025
The Wilding Pine Network, Rewiring Aotearoa, Papawhakaritorito Charitable Trust, 800 Trust and 350 Aotearoa, have received grants from a total pool of more than $1.5m over two years from of Climate Action Aotearoa's Kaupapa of National Significance Climate Action Fund.
NGOs urge no green label for fossil fuel investments
2 Oct 2025
Fossil fuel developers should be excluded from financial investments labelled sustainable, NGOs and associations urged on Tuesday, as part of any reform of the European Union's green finance transparency rules.
Climate credibility gap widening for Aussie firms
1 Oct 2025
By Pattrick Smellie | Australian public companies’ climate change commitments are in retreat, reflecting difficulty in achieving stated targets and increased fossil use, but not because of any pressure to make less effort, according to a study of major companies’ ESG reporting.
Banks still finance fossil fuels far more than sustainable energy, report finds
1 Oct 2025
The world’s major banks are still financing fossil fuels twice as much as their sustainable alternatives, according to eight NGOs.
More Kiwi households turn to solar as energy costs mount
24 Sep 2025
Rising power prices are driving more households to consider switching to solar, with nearly half of New Zealanders considering installing solar panels or already having them installed, according to new research.
Carbn buys out govt-owned NZGIF stake
23 Sep 2025
By Liz Kivi | Sustainable vehicle fleet and car sharing company Carbn has moved to full private ownership following a management buyout of New Zealand Green Investment Finance’s shareholding.
Why mega-polluters have little to fear from the European Central Bank and its new climate policy
12 Sep 2025
The European Central Bank plans to raise borrowing costs for climate offenders – but a new FTM analysis shows that big polluters such as Shell will barely feel it.
India-Japan joint credit mechanism clears way for Paris goals amid North-South climate gridlocks
4 Sep 2025
It offers strong bilateral model to scale climate finance, localise low-carbon technologies.
Media round-up
29 Aug 2025
In our round-up of climate coverage in local media: Changes to road user charges will increase New Zealand's emissions; Climate Change Minister Simon Watts promises better access to hazard data for homeowners; and Kiwis borrow over $1 billion in ‘green loans’ for heat pumps and electric cars.
Banking competition report steers clear of ‘woke’ farm lending
25 Aug 2025
By Pattrick Smellie | A report into banking competition has largely rejected arguments from some farming lobbyists that climate change considerations should play no part in bank lending decisions.
Meridian Energy considers green bond offer
25 Aug 2025
Meridian Energy is considering making an offer of up to $250 million of 6.5 year unsecured, unsubordinated, fixed rate green bonds to institutional and New Zealand retail investors.
Why helping customers electrify is a growth opportunity for energy retailers
22 Aug 2025
Media release – Cogo | The global shift to a low-carbon economy is transforming the energy market. For energy retailers, this shift brings both pressure and possibility.
Governments in Global South get dedicated support to tap into carbon markets
21 Aug 2025
Media release – VCMI | A new toolkit will help emerging markets and developing economies decide how best to generate and sell carbon credits to access climate finance, accelerate innovation and help close the $1.3 trillion climate finance gap.
Govt rejects Te Kuha coal mine fast-track bid
13 Aug 2025
By Shannon Morris-Williams | The controversial Te Kuha coal mine on the West Coast has had its application for fast-track approval declined, after failing to meet seven of the application criteria.
NZ signs up to UK initiative to boost renewable energy in the Pacific
8 Aug 2025
New Zealand has joined the United Kingdom's TIDES initiative, which aims to support renewable energy developments in the Pacific Islands.
Media round-up
8 Aug 2025
In our round-up of climate coverage in local media: Former minister of forestry Stuart Nash condemns "lock and leave" carbon farming; Fonterra's convenient omission about its switch from coal; and KiwiRail’s bold electrification plans.
Barclays exits net zero banking alliance
5 Aug 2025
Barclays will exit the Net-Zero Banking Alliance, marking the second UK-based bank to withdraw from the UN-backed coalition dedicated to advancing global net zero goals through their financing activities, after the departure last month of HSBC.
European Central Bank to consider 'climate factor' when lending to banks
31 Jul 2025
The European Central Bank will add climate change considerations to its lending operations from late 2026, raising pressure on banks to channel financing towards greener sectors as the euro zone seeks to reduce its carbon footprint.
SBTi releases Net Zero Standard for banks, investors
24 Jul 2025
The Science Based Targets initiative announced the release of its finalised Financial Institutions Net-Zero Standard, aimed at enabling banks and investors to set net zero-aligned targets for their lending, investing, insurance and capital markets activities.
Australia's big companies face critical net zero investment gap
22 Jul 2025
Media release – Investor Group on Climate Change | New research reveals Australia’s highest emitting companies are failing to back their net zero commitments with adequate investment, highlighting the need for a strong 2035 emissions reduction target and net zero plans to ensure Australia’s transition.
Expert rejects farmers call to ditch green investment framework
17 Jul 2025
By Shannon Morris-Williams | Scrapping a proposed 'green' finance taxonomy before work on it is even finished would risk New Zealand being left behind in the transition to more sustainable systems, according to an expert.
Farmers slam proposed guidelines for sustainable finance
16 Jul 2025
By Liz Kivi | Federated Farmers is calling on the government to scrap its proposed framework for ‘green’ finance, saying it is ideologically driven, unworkable, and risks harming rural communities.
Debanking bill 'financially dangerous'
15 Jul 2025
By Shannon Morris-Williams | A private member’s bill aiming to stop financial institutions from considering ESG factors has been slammed by leading investment groups, legal experts, and climate finance advocates as misguided, financially dangerous, and legislative overreach.
NZ voluntary carbon market’s sad state
14 Jul 2025
By John O’Brien | OPINION: A combination of scandals, challenging economic times, and cheaper offshore carbon credits, mean that the domestic voluntary carbon market in New Zealand remains absolutely tiny.
Net-zero much cheaper than thought for UK – and unchecked global warming far more costly
9 Jul 2025
Reaching net-zero will be much cheaper for the UK government than previously expected – and the economic damages of unmitigated climate change far more severe.
Electrification challenge for politicians, regulators
27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
Kiwi cleantech companies on the world stage
27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
Budget 2025 needs to prioritise a thriving and resilient Pacific region
16 May 2025
Media release | World Vision New Zealand is urging the government to prioritise Pacific prosperity and resilience with strong investment in climate finance and foreign aid as part of Budget 2025.
Greens promise to rapidly reduce emissions in new Green Budget
14 May 2025
By Shannon Williams | The Green Party has unveiled its alternative Green Budget, promising bold investments to tackle the climate crisis and deliver cleaner air, water, and soil.
Banking regulators agree to prioritise climate risk work
14 May 2025
Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States.
Germany’s €100 billion green gamble: Inside the nation’s bold climate investment
13 May 2025
In the race for a net-zero future —Germany’s latest €100 billion climate investment package is so large it has been dubbed a "green bombshell."
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
EECA and Centre for Sustainable Finance partner to unlock private capital for clean energy
1 May 2025
Media release | The Centre for Sustainable Finance: Toitū Tahua (CSF) and EECA (Energy Efficiency and Conservation Authority) have, today, announced a strategic partnership to accelerate private investment in New Zealand’s energy transition. This collaboration aims to address barriers to financing renewable energy projects and energy efficiency projects.
Second 'woke banks' bill aims to remove climate disclosures
30 Apr 2025
By Shannon Williams | The ACT Party has joined the fight against so-called "woke" banks by introducing a member’s bill aimed at repealing laws that require banks and other financial institutions to report on climate-related disclosures.
Experts slam govt decision to wind down green investment bank
9 Apr 2025
The government’s move to scrap its green investment bank is a step backwards for emissions reductions and doesn’t stack up with the National Party’s economic and energy transition strategies, according to sustainable finance experts.
Risky business – banks must consider climate risks, commissioner says
3 Apr 2025
Banks considering climate risks is prudent business practice, not just environmental activism, according to Parliamentary Commissioner for the Environment Simon Upton.
Germany’s €100bn climate funding
24 Mar 2025
Germany’s parliament has voted to create a €500bn defence and infrastructure fund and relax “constitutionally-protected debt rules,” with “the last-minute backing of the Greens” in return for guarantees that €100bn of the funds destined for infrastructure would be allocated for climate and economic transformation investments.
Carbon credit deal to provide windfall for Maori landowners
21 Mar 2025
By Moana Ellis, Local Democracy Reporting | An isolated Maori Land Trust in the central North Island has sealed a groundbreaking carbon credit deal, securing millions for its 4000 owners and tens of thousands of beneficiaries.
New report exposes climate finance failures
20 Mar 2025
Media release | A new climate finance report highlights failings in funding urgent climate action.
KiwiSaver fossil fuel investment up 18% 'alarming disconnect'
5 Mar 2025
KiwiSaver investments in fossil fuels jumped to $4.42 billion in September 2024, marking an 18% increase from $3.75 billion in March 2024, according to Mindful Money.
FMA should expose 'greenwashing' investment funds - Coates
3 Feb 2025
If the Financial Markets Authority is serious about tackling greenwash, they should call out KiwiSaver and investment funds that claim to be ethical while investing in the worst fossil fuel companies, says Mindful Money's Barry Coates.
NZ submits first Paris Agreement progress report
19 Dec 2024
New Zealand has submitted its first report to the UN on how the country is tracking towards its international climate target to 2030 under the Paris Agreement.
NZGIF chair quits following SolarZero collapse
13 Dec 2024
NZ Green Investment Finance chair Cecilia Tarrant has resigned in the wake of the SolarZero debacle.
Ardern: 'We must not give up on 1.5'
Today 11:30am
By Shannon Morris-Williams | Former prime minister Dame Jacinda Ardern says the world must not abandon the Paris Agreement’s 1.5°C goal, warning that a decade on from COP21 “too many of the debates we thought were settled are still being had.”
'Little to be hopeful about' – NZ scientists caution ahead of COP30
Today 11:30am
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
Celebrities slam mining plans
Tue 28 Oct 2025
Actor Sam Neill has slammed plans for a gold mine in Otago, while Denniston Rose author Jenny Pattrick is backing a petition that would stop a coalmine on the West Coast.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
Taxonomy seen as key to shaping NZ’s voluntary nature credit market
Thu 30 Oct 2025
By Shannon Morris-Williams | Experts say aligning the New Zealand Sustainable Finance Taxonomy with the development of voluntary nature credit markets could strengthen credibility, streamline investment, and support high-integrity environmental outcomes.
Experts say Bill Gates is not a friend to the planet, following recent call to change focus on climate
Today 11:30am
Ahead of COP30, Gates calls for a shift in focus away from near-term emissions goals. Experts say that’s dangerously misguided.
‘Plain old dull’: NZU market continues to limp sideways
24 Oct 2025
By Liz Kivi | The NZU market has been “plain old dull” in recent months, with activity driven mainly by credit opportunities or a specific need to raise cash, according to Lizzie Chambers of trading platform Carbon Match.
Genesis doubles down on Huntly as renewables ramp up
24 Oct 2025
Genesis Energy is doubling down on Huntly’s role as New Zealand’s energy backstop while accelerating one of the country’s largest pipelines of new renewable generation.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
$235 billion worth of NZ buildings exposed to flooding
Thu 30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
All carrot, no stick for farmers on methane
17 Oct 2025
By Pattrick Smellie | COMMENT: The abandonment of methane emissions pricing and the adoption of a weaker target is effectively the last nail in the coffin of the historic cross-parliamentary consensus embedded in the Zero Carbon Act 2019.
Lake Onslow battery project set for revival?
Wed 29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
From nuisance to crisis: New report on pest wasps In Aotearoa
24 Sep 2025
Media release: Moths and Butterflies NZ Trust | Just published is the Final Report of the Pest Wasps Survey carried out by the Moths and Butterflies of NZ Trust (MBNZT) offering a comprehensive look at New Zealanders’ awareness, experiences, and attitudes toward wasps and the growing ecological, health, and social issues associated with them.
Media round-up
Today 11:30am
In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Foresta welcomes Government support for Kawerau plant
Thu 30 Oct 2025
By Diane McCarthy, Local Democracy Reporter | A $9 million Government boost to wood energy production has been welcomed by a company with its sights set on building a torrefied wood pellet plant in Kawerau.
Oil firm TotalEnergies made misleading green statements, court rules
Tue 28 Oct 2025
A French oil company engaged in “misleading commercial practices” about the scope of its environmental commitments, a court has ruled.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
No major banks have yet committed to stop funding new oil, gas and coal, research finds
24 Oct 2025
‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers.
Look out for these 8 big ag greenwashing terms at COP30
Tue 28 Oct 2025
Food and farming companies will claim agriculture is the solution to the climate crisis at the Brazil summit — even though food drives a third of global warming.
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Vero warns losses to rise 26% by 2050 over extreme weather
Wed 29 Oct 2025
By Shannon Morris-Williams | Extreme weather could drive a 19–26% spike in annual insurance losses by 2050, fuelled by rising seas and more intense flooding, according to Vero’s latest Climate-Related Disclosures Report.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Judge says Greenpeace must pay $345 million in pipeline lawsuit, cutting jury amount nearly in half
Today 11:30am
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil pipeline nearly a decade ago.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Global oil demand won't peak until 2032, Wood Mackenzie report says
Today 11:30am
“Global oil demand will not peak until 2032, two years later than earlier thought, consultancy Wood Mackenzie said in a report on Wednesday that blames continued momentum in the use of hydrocarbons for transport and petrochemicals.”
Govt ‘captured by industry’ on methane – Carr
21 Oct 2025
By Liz Kivi | Former Climate Change Commission chair Rod Carr says that recent moves to weaken methane targets and halt plans for agricultural emissions pricing show the Government has been captured by industry.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
‘Weird and sad’ – Tuvalu Climate Minister condemns NZ halving methane target
15 Oct 2025
By Liz Kivi | Dr Maina Talia, Tuvalu’s Minister for Home Affairs, Climate Change, and Environment, says he’s surprised at New Zealand’s decision to weaken its target for reducing methane emissions – and is planning to take up the issue with his counterpart Climate Minister Simon Watts this week.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
FMA grants temporary 'no action' relief for for firms set to exit climate reporting regime
Wed 29 Oct 2025
The Financial Markets Authority has announced it won't take action against companies expecting to fall out of mandatory climate reporting obligations, if they fail to lodge climate statements while the law changes are pending.
Judge dismisses suit by young climate activists against Trump’s pro-fossil fuel policies
17 Oct 2025
Plaintiffs had ‘overwhelming evidence’ of climate crisis but a court injunction would be ‘unworkable’, ruling says.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
The Yangtze River is becoming the world’s largest electrified trade corridor
Thu 30 Oct 2025
The Gezhouba, a new 13,000-ton all-electric bulk carrier launched in Yichang, is more than a technical milestone. It is a sign that the electrification of inland shipping is moving from concept to inevitability.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
Climate scientists and republican lawyers are taking aim at Big Tech’s emissions
17 Oct 2025
Technology companies have long been one of the biggest investors in clean energy, but new accounting rules could upend that.
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
How ‘vehicle-to-grid’ technology could boost China’s electricity system
Today 11:30am
China’s surging electric vehicles ownership – now exceeding 25.5m – is opening the door to a new technology that can help to enhance the flexibility of electricity supply.
Developing countries will need US$310 billion annually for climate adaptation by 2035
Today 11:30am
Media release - UN Environment Programme: Slow climate adaptation is threatening lives and economies.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
‘Damp squib’ – Govt energy plan slammed for locking in fossil fuels
2 Oct 2025
By Shannon Morris-Williams | Critics across business, climate groups and the opposition say the Government’s electricity reforms duck structural change, double down on LNG and gas, and offer little relief for soaring power prices – warning of an “expensive white elephant", deeper energy poverty and a missed chance to scale renewables.
