Topics tagged with 'Green finance'
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.
New Zealand Green Investment Finance shares Ministers' concerns with SolarZero liquidation
6 Dec 2024
Yesterday representatives of New Zealand Green Investment Finance (NZGIF) met with its Shareholding Ministers to discuss matters relating to the voluntary liquidation of SolarZero.
Auckland Council awards grants to advance community climate action
4 Dec 2024
Media release | Auckland Council has approved $260,000 from a total funding pool of $372,451 to support 11 community-led initiatives addressing climate change projects from sustainable water infrastructure to increasing access to bikes.
Pacific Youth hope historic hearing in the Hague delivers climate justice where COP did not
3 Dec 2024
Media release | Save the Children is urging world leaders to heed the call of Pacific children and young people as a landmark action to clarify states’ obligations to tackle the climate crisis gets underway before the International Court of Justice.
New Zealand must step up and pay our fair share post-COP29
29 Nov 2024
Media release | World Vision New Zealand and Oxfam Aotearoa are urging the New Zealand Government to seize the momentum off the back of the global climate conference, Cop29, and pay our fair share toward global climate action.
Investment lagging in climate action – report
27 Nov 2024
A new report looks at the barriers to investment at the core of the priorities of COP29.
‘Underwhelming’: Poor countries push for way more climate funding than the EU is floating
21 Nov 2024
Privately, however, some conceded they may have to settle for the lower figures for now as COP29 talks amble toward the finish line.
New carbon market rules could lock out forestry
19 Nov 2024
By Liz Kivi | New carbon market rules negotiated at the United Nations climate summit could have negative consequences for carbon forestry in New Zealand, experts are warning.
What is the ‘new collective quantified goal’ on climate finance?
19 Nov 2024
Countries need to invest trillions of dollars to build clean-energy systems, prepare for an increasingly hotter world and deal with the aftermath of climate change-fuelled disasters, and the UN climate convention specifically requires developed nations to provide climate finance to help developing countries do this.
Pacific debt surging as climate impacts hit
18 Nov 2024
Media release | With Pacific countries swamped by surging climate debt, New Zealand has the moral authority to head off a regional debt crisis, says Caritas Aotearoa New Zealand.
XRB delays obligations on Scope 3
15 Nov 2024
The External Reporting Board has decided to delay the obligation to report and assure scope 3 emissions - indirect emissions from an organisation's supply chain - but has retained its requirement for climate-reporting entities to publish transition plans.
NZ experts on UN climate conference
12 Nov 2024
With the United Nations’ major climate summit kicking off in oil-rich Azerbaijan, New Zealand’s climate policy experts are divided over the value of the meeting.
Carbon markets could boost climate action in least developed countries
6 Nov 2024
Media release | UNCTAD’s Least Developed Countries Report 2024 highlighted on Monday that the group of 45 least developed countries (LDCs) could use carbon market projects to enhance climate action by offsetting the buyers’ emissions at improved rates which will allow more investment.
COP29: What is the ‘new collective quantified goal’ on climate finance?
6 Nov 2024
As nations assemble at COP29 in Baku, Azerbaijan, one issue is expected to dominate the summit: climate finance.
Lobby group launches ‘blueprint’ for ocean management reform
Thu 18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Carbon price steady after failed quarterly auction
Tue 16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
UK foreign aid for nature hits £800m record due to cash for carbon credits
Tue 16 Sep 2025
The UK’s climate-aid spending on “nature protection and restoration” reached record levels of nearly £800m last year, according to government figures obtained by Carbon Brief.
Air NZ declares surprisingly low SAF prices
3 Sep 2025
By Pattrick Smellie | Air New Zealand is able to source sustainable aviation fuel at between 1.5 and 2.5 times the price of conventional fossil fuels used for flying, all sourced from the US.
No bidders front to carbon auction - again
10 Sep 2025
By Liz Kivi | Today’s quarterly carbon auction was a non-event yet again, making it the third consecutive auction this year with no bidders, with the secondary market price still limping along at nearly 20% below the auction floor.
IEA reiterates ‘no new oil and gas needed’ if global warming is limited to 1.5C
Thu 18 Sep 2025
The world would not need to invest in new oil and gas projects if demand for the fuels fell in line with the 1.5C limit on global warming, says the International Energy Agency.
'Atrocious' and 'bizarre': experts slam Act Party's climate policy
3 Sep 2025
By Liz Kivi | The Act Party is promising to challenge New Zealand’s Paris Agreement climate target, while the coalition Government’s other minor partner, NZ First, also says it wants to reevaluate the country’s commitment to the international treaty.
Industry struggles with double-digit power price hikes
Mon 15 Sep 2025
As power prices surge by double-digit amounts for the second year in a row, industrial users can’t keep absorbing cost increases, the Major Electricity Users’ Group says.
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.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
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.”
Watts not considering removing electricity from ETS
Tue 16 Sep 2025
Energy and Climate Change Minister, Simon Watts, says he is “not currently considering” removing electricity generation from the Emissions Trading Scheme, as proposed by NZ First Minister Shane Jones.
Gentailers told to behave as ministers weigh Frontier review
Wed 17 Sep 2025
The chief executives of Contact, Meridian, Mercury and Genesis met Energy and Climate Change Minister Simon Watts on Thursday for their regular monthly session.
Declining sea-ice is altering Antarctic food webs
11 Sep 2025
A new study shows a significant change in Antarctic phytoplankton over time that could cascade through the marine food web and affect the ocean’s capacity as a carbon sink.
Science cuts will hold back climate research
Wed 17 Sep 2025
By Liz Kivi | A crisis in government-backed science funding is worsening, with dire implications for climate research in New Zealand, according to experts from the scientific community.
Marginal drop in last year's regional emissions
27 Aug 2025
Regional greenhouse gas emissions were down slightly last year, with a fall in gas supply leading to a big drop in Taranaki, but more coal burnt leading to higher emissions in Waikato, according to new figures from Stats NZ
Indigenous forest 'islands' could help transition exotic plantations to native bush
11 Sep 2025
Native forest 'islands' within exotic plantations might be the key to transitioning plantations from exotic to Indigenous, according to new research.
Decline in global oil and gas field output accelerating, IEA says
Wed 17 Sep 2025
The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Media round-up
5 Sep 2025
In our round-up of climate coverage in local media: The great methane debate; law change scuppers legal challenge to irrigation scheme consent; and what are the energy and climate implications of the $7.5 billion Amazon Web Services data centre deal?
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.
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.
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.
Young activists won a landmark state climate trial. Now they’re challenging Trump’s orders
Thu 18 Sep 2025
Young climate activists and their attorneys who won a landmark global warming trial against the state of Montana are trying to convince a federal judge to block President Donald Trump’s executive orders promoting fossil fuels.
Forest carbon stores massive blind spot - study
4 Sep 2025
By Shannon Morris-Williams | Aotearoa New Zealand’s planted forests hold significant deep soil organic carbon — with over half of it stored below 30 cm, and much of it over 1,000 years old.
Govt tweaks offshore energy bill with 'declared areas' model
Wed 17 Sep 2025
By Shannon Morris-Williams | The Government is making changes to the Offshore Renewable Energy Bill to address offshore wind developers' concerns about competing for space with other industries.
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.
A steady ocean pattern just failed for the first time ever observed
Wed 17 Sep 2025
The failure of the Gulf of Panama’s seasonal upwelling system has left scientists wondering what happens next.
Watts full-throated in National’s support for Paris
10 Sep 2025
By Pattrick Smellie | Climate Change Minister Simon Watts came to this week’s Climate Change and Business Conference with nothing to announce.
Govt resilience plan 'dangerous fantasy' - thinktank
29 Aug 2025
By Shannon Morris-Williams | An independent thinktank, whose members include former Prime Minister Sir Geoffrey Palmer and multiple academics, is warning that the government’s long-term resilience strategy ignores physical and energy realities and exposes Kiwi households and businesses to systemic failure.
‘Plastic Cup’ competitions are cleaning up rivers in Hungary
1 Sep 2025
Afloat on DIY boats, teams of volunteers have removed over 450 tons of plastic waste from the Danube and its tributaries.
Can certificates solve NZ's heavy vehicle emissions problem?
Thu 18 Sep 2025
By Shannon Morris-Williams | The Sustainable Business Council has launched a new framework for a national system to cut freight emissions.
Climate change collaboration and competition law
Thu 18 Sep 2025
By Pattrick Smellie | The revamped competition law regime needs to be able to take into account the benefits of companies that collaborate for action on climate change, says the panel that reviewed both the Commerce Commission and the Commerce Act.
Underestimating support for climate action limits political decision making, study says
8 Sep 2025
Research reveals huge disparity between perceived and actual willingness of public to contribute to fixing climate.
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.
One city’s race to ‘solarise everything we possibly can’
Thu 18 Sep 2025
Bordeaux is quickly transforming itself into France’s top solar-powered city, banking on innovations like transparent panels that preserve its historic architecture.
The ozone hole continues to recover thanks to international action
Wed 17 Sep 2025
Media release: World Meteorological Organization (WMO) | The Earth’s protective ozone layer is healing and the ozone hole in 2024 was smaller than in recent years, according to a new report.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Ara Ake backs 13 projects to unlock NZ’s energy flexibility
11 Sep 2025
Media release | Ara Ake has approved over $600,000 in funding from the National Flex Discovery Fund for 13 flexibility service providers (FSPs).
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.
Most EU carmakers on track to meet emission targets: study
10 Sep 2025
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study showed.
Hotter, longer, more frequent: NZ’s escalating heat risk
26 Aug 2025
By Shannon Morris-Williams | Heat extremes in New Zealand will intensify faster than previously thought, according to a new study.
Echo Tech secures growth investment to tackle NZ's e-waste crisis
Mon 15 Sep 2025
Media release | Echo Tech Limited, New Zealand’s leading provider of e-waste recycling and IT asset recovery services, is proud to announce a strategic investment from growth equity firm Altered Capital.
La Niña set to prolong NZ hydro shortfall
9 Sep 2025
By Shannon Morris-Williams | With La Niña favouring a drier-than-normal spring across much of the South Island, hydro lakes are unlikely to recover without substantial rain and late snowmelt – keeping national storage levels below average.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
Which countries are scaling solar and wind the fastest?
12 Sep 2025
The leaderboard is quite different depending on what metric you look at.
