Topics tagged with 'Green finance'
Govt developing sustainable finance strategy
23 Sep 2024
The government is partnering with the Centre for Sustainable Finance to develop a sustainable finance strategy for Aotearoa New Zealand.
500 finance institutions call for better govt climate policy ahead of COP29
20 Sep 2024
More than 500 financial institutions, collectively worth more than $29 trillion in assets under management, have written to national governments urging them to update and introduce policies to unlock investment into climate action and nature restoration.
NZ’s decision to restart fossil fuel exploration will be ‘hard to explain to future generations’: leading climate scientist
19 Sep 2024
By Liz Kivi | The government’s plan to restart oil and gas exploration is set to lock in higher levels of global warming, according to a leading Australian climate scientist.
New reports highlight NZ’s opportunity to boost climate finance
29 Aug 2024
Media release | Two new reports reveal how New Zealand can meet its climate finance obligations ahead of COP29.
Progress on work to classify 'sustainable' economic activity
7 Aug 2024
It may include some taxing terminology, but a ‘sustainable finance taxonomy’ could be just what the doctor (or the accountant) ordered for investors keen to ‘go green’.
Investment sector must accelerate climate action – new research
9 Jul 2024
A survey of investors managing more than $230 billion suggests the sector is moving too slowly to bankroll climate action.
NZ to cooperate with Philippines on international climate target, pledges $41 million climate finance to Southeast Asia
23 Apr 2024
By Liz Kivi | New Zealand has made its first tentative step towards forging an international agreement to meet its United Nations climate target by buying offshore offsetting.
Banks need to actively manage climate-related risks: Reserve Bank
23 Apr 2024
Too little climate action taken too late will cut banks’ profits, but won’t threaten bank solvency or financial stability, according to the latest Reserve Bank modelling.
Govt working on classification system for sustainable finance
26 Mar 2024
The government is setting up a specialised group to advise on a classification system for sustainable finance.
RBNZ signals banks must account for climate risk
7 Mar 2024
The Reserve Bank says financial institutions need to understand and manage climate-related risks - and it highlights agriculture as a risky sector.
NZ lagging in forging agreements to meet climate obligations
16 Feb 2024
New Zealand is lagging behind other countries in sealing bilateral deals to meet climate targets - a delay which could lead to higher costs, according to a climate policy consultant.
Climate finance is targeting the wrong industries
14 Feb 2024
Roughly half of the world’s emissions currently can’t be reduced, yet green investment continues to avoid the sectors that need the most help—manufacturing, agriculture, and built environment.
Shift to ethical KiwiSaver investment - but fossil fuel investment at all-time high
9 Feb 2024
The past six months has seen the biggest fall in ‘harmful’ Kiwisaver investments for five years, according to Mindful Money. But Kiwisaver investment in fossil fuel companies is at the highest level ever, at $3.29 billion.
Best by the rest...
9 Feb 2024
In our weekly round-up of the best climate coverage in local media: Climate levy proposed for Christchurch; Peters promises $16.5 million to climate change initiatives in the Cook Islands; and more New Zealand companies are disclosing climate-related risks.
Gold in dem thar hills. Why not leave it there?
29 Jan 2024
By Jeremy Rose | Australian mining company Santana Minerals estimates there’s 82 tonnes of gold in its Rise and Shine site in the central Otago hills.
Biodiversity finance? Definitely. Biodiversity credits? Maybe
24 Nov 2023
By Jeremy Rose | The Parliamentary Commissioner for the Environment and some of the country’s major environmental groups have questioned the government’s one-eyed focus on biodiversity credits.
Germany tops €6 bln climate finance target for poorer nations three years early
4 Oct 2023
Public climate financing from Germany for poorer countries reached a new record level last year, already surpassing the 6-billion euro target set for 2025, the government has said.
NZ green investment finance provides $15m debt facility to fund Lightyears Solar’s future farms
18 Sep 2023
Lightyears Solar has received $15 million from New Zealand Green Investment Finance to help finance construction of a pipeline of consented, ground-mounted solar farm projects.
RBNZ releases results of industry climate survey
6 Sep 2023
Media release | The Reserve Bank of New Zealand - Te Pūtea Matua has published a Bulletin article highlighting high level results from a survey of prudentially regulated entities on climate change.
Record level of KiwiSaver investments in companies causing harm
4 Sep 2023
Media release | New data analysis from charity Mindful Money shows that Kiwisaver investments in companies the public want to avoid have hit record levels.
IMF warns NZ at risk of failing international emissions obligations
29 Aug 2023
The International Monetary Fund says New Zealand must do more to meet its Nationally Determined Contribution (NDC) for 2030, and is off track to meet its international obligations.
Climate mitigation patent program boosts green tech financing
10 Aug 2023
The US Patent and Trademark Office’s newly expanded program aimed at accelerating patents for climate mitigation technology is critical to garnering the funding necessary to advance the clean energy transition, researchers say.
G20 environment chiefs ready fresh bid for climate deals
28 Jul 2023
G20 environment ministers in India readied a fresh bid to strike deals tackling climate change, days after heavy criticism for failing to agree on cutting fossil fuel use.
NZGIF invests $15m in Lodestone Energy for five solar farms
27 Jul 2023
Media release - NZGIF will supply up to $15m in working capital to Lodestone Energy, to further support the construction of five solar farms in New Zealand.
Financial Markets Authority publishes scenario analysis for climate related disclosures regime
20 Jul 2023
Media release - The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its scenario analysis information sheet to help climate reporting entities (CREs) meet their obligations under the Climate-Related Disclosures (CRD) regime.
G20 finance chiefs meeting in India address global challenges like climate change and rising debt
19 Jul 2023
Finance ministers from the Group of 20 nations meeting in India are poised to address critical global economic challenges, including the threats posed by climate change and rising debt among low-income countries.
Govts strike deal on Green Climate Fund strategy
13 Jul 2023
Developed countries pushed for more focus on private money while developing governments wanted more public money from rich nations.
Does a new ‘global pact’ accelerate climate finance for developing countries?
6 Jul 2023
Climate hazards are escalating, nations are mired in debt and the costs of food and energy have soared around the world.
Barbados PM fights for shake-up of global climate finance
23 Jun 2023
World leaders meeting in Paris on Thursday could give poorer countries access to hundreds of billions of dollars to tackle climate change.
‘A green transition that leaves no one behind’: world leaders open letter
22 Jun 2023
Rishi Sunak, Joe Biden, Emmanuel Macron and other international leaders address development and vulnerabilities, now heightened by climate risks.
Ukraine targets initial $40 billion for 'Green Marshall Plan'
21 Jun 2023
Ukraine is seeking up to $40 billion to fund the first part of a "Green Marshall Plan" to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said ahead of an international summit.
World leaders converging in Paris to focus on climate finance, green growth
20 Jun 2023
Macron expects summit leaders to address challenges in developing countries through investment, infrastructure reform, and new processes.
Govt, NZ Steel to take action towards a low emissions economy
22 May 2023
The government will invest up to $140 million to subsidise one of the country’s largest greenhouse gas emitters, making it New Zealand’s biggest decarbonisation plan to date.
NZ sovereign funds to run rule over major NZ companies’ climate disclosures
18 May 2023
New Zealand’s Crown Financial Institutions (CFIs), the country’s largest investment funds, are stepping up their engagement with NZ companies over their climate change ambitions and new reporting obligations.
Green Investment Finance gets $300m govt boost
10 May 2023
In a pre-budget announcement yesterday, Climate Change minister James Shaw said New Zealand Green Investment Finance will receive an additional $300 million in investment capital from the government.
KiwiSaver contributions to deforestation on the up
9 May 2023
Over the past year New Zealand investments in companies involved in the destruction of rainforests has almost doubled from $38 million to $68 million.
Wealthy nations could meet $100 billion climate finance target in 2023
4 May 2023
As climate change continues to wreak havoc with drought in one part of the world and deadly wildfires in the other, wealthy nations could be on track to meet the $100 billion climate finance pledge in 2023. The fund is to be given to underdeveloped countries to boost resilience against climate change.
How religious groups are fighting climate change
1 May 2023
Many people have lost faith in the ability of governments to fight climate change. Projects involving fossil fuels - coal, oil and gas, the main culprits for the climate crisis - are going ahead in violation of scientific warnings.
Wall Street can help improve oceans: Belize minister
28 Apr 2023
“Belize has proven it can be done,” said Kevin Bender, senior director of sustainable debt at The Nature Conservancy. “We reduced debt burden overnight and there have been many successes in conservation so far. There were commitments to do things like move mangrove swamps to public lands and those have all been met.”
Slow start on World Bank reform angers climate-hit countries
18 Apr 2023
The World Bank meetings were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change like Prime Minister Mia Mottley’s Barbados, one of many Caribbean islands battered by worsening hurricanes.
ECB starts disclosing climate impact of portfolios on road to Paris-alignment
24 Mar 2023
The European Central Bank (ECB) has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related governance, strategy and risk management.
A climate deal that could become a model for others
24 Mar 2023
Cape Verde is just one of many countries that are struggling under the effects of global warming. But a new approach could provide relief: Debt forgiveness in exchange for a climate fund.
Resource consents must speed up to meet climate change targets
20 Mar 2023
New research shows that a 50% improvement in resource consent processing times could be needed for New Zealand to meet its 2050 emissions target.
What Silicon Valley Bank’s collapse means for climate tech
15 Mar 2023
As the buoyancy drained out of the tech sector last year, leading to almost 100,000 job cuts in the U.S., cleantech looked like a bright spot.
The conservative battle against ‘woke’ banks is backfiring
1 Mar 2023
Conservatives have long held that the government should avoid interfering with private business decisions. But over the last two years, Republican state treasurers and attorneys general in Texas, Florida and other states have sought to blacklist banks that factor climate risks and social concerns into their investment decisions.
Preparing for climate disclosure in the largest capital market
23 Feb 2023
For corporate sustainability professionals, questions as to what to expect, when and how to prepare for the U.S. Securities and Exchange Commission's proposed climate disclosure rule are numerous, and understandably top of mind.
Nine global banks invest $45m in carbon credit platform
9 Feb 2023
Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to participate in the market.
How can carbon tagging digital payments help to tackle climate change?
3 Feb 2023
The majority of the goods and services that we purchase each day generate greenhouse gas emissions. Linking the digital data on these transactions to their carbon footprint could help households and businesses to make more informed decisions, and enable better targeted policy interventions.
Finance sector's climate inaction
2 Feb 2023
New Zealand’s financial sector is lagging behind its counterparts in Europe and Australia in terms of climate action, according to a recent survey.
$11trn investor coalition bans carbon removals in latest net-zero framework
1 Feb 2023
The Net-Zero Asset Owner Alliance (NZAOA), a coalition of investors representing more than $11trn, has unveiled the latest version of a decarbonisation methodology, with a renewed focus on delivering a just transition while avoiding the use of carbon removals.
Governments must vote in favour of moratorium on deep sea mining
Tue 29 Jul 2025
Media release - Greenpeace | The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
Does NZ need a national incentive scheme for wetlands?
Fri 25 Jul 2025
By Liz Kivi | An expert is calling for a national incentive programme to restore New Zealand’s wetlands and wants to stop schemes to drain these vital carbon-sequestering ecosystems.
NZ Post drops science-based climate target
8 Jul 2025
By Liz Kivi | NZ Post has dropped its science-based emissions reduction target of 42% by 2030 with no plans to replace it.
Airlines risk legal challenges by advertising jet fuel as “sustainable”, NGO warns
18 Jul 2025
Amid suspected fraud in the production of sustainable aviation fuel (SAF), a new report says the airline industry should stop calling all alternatives to kerosene “sustainable”.
Challenges persist in bid to mine the deep sea, even after boost from Trump
Tue 29 Jul 2025
After years of delay, the deep-sea mining plans of Canadian firm The Metals Company (TMC) now appear to be progressing as it pursues a controversial new path to securing a license to mine in international waters under U.S. jurisdiction.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Is extending Huntly power station to 2035 in consumers’ best interest?
22 Jul 2025
By Simon Orme | COMMENT: Genesis Energy is proposing a cartel to keep high-emitting Huntly Power Station in business to 2035. If extending Huntly has economic benefits, is a cartel necessary?
At least 30 killed and several missing as heavy rains and floods lash northern China
Wed 30 Jul 2025
Thousands of people were evacuated as the region, including the capital Beijing, braced for more rainfall overnight.
Bearish sentiment lingers for carbon market
11 Jul 2025
By Liz Kivi | The compliance carbon market could be set for a gradual upward trajectory, however unsold volume from the quarterly Emissions Trading Scheme auctions continues to act as ‘a price ceiling,’ according to an expert.
Multi-day protest continues at coal mine
Wed 30 Jul 2025
Bathurst Resources has been forced to truck coal from its Stockton mine as climate activists occupy coal buckets at the mine for a third day.
Forestry can be a big plus for sheep and beef farmers – but there are caveats
22 Jul 2025
By Keith Woodford | OPINION: These are good times for sheep and beef farmers with record product prices for meat, which is precisely why now is the time for sheep and beef farmers to be looking again at farm forestry.
Common low-grade clay strengthens low-carbon concrete
5 Jun 2025
Media release | Engineers at RMIT University have converted low-grade clay into a high-performance cement supplement, opening a potential new market in sustainable construction materials.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
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.
Hiringa eyes green methanol plant near Whanganui
Tue 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.
Key orange roughy population on verge of collapse, govt considers closure
9 Jul 2025
Media release - Deep Sea Conservation Coalition | New data reveals that New Zealand’s main orange roughy fishery, accounting for half of the country’s total catch, is on the brink of collapse, with one model showing it may have reached that point already, and the government’s considering closing it.
A third of ‘slum residents’ in global south are exposed to disastrous flood risks
Wed 30 Jul 2025
One in three people in informal settlements in the global south live in floodplains and are at risk of a “disastrous flood”.
Latest trawl bycatch numbers 'a grim wake-up call'
24 Jun 2025
Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.
Wilding pines threaten Molesworth Station
Mon 28 Jul 2025
By Shannon Morris-Williams | Without increased support, the unchecked spread of wilding pines will continue to creep across Marlborough’s high country – putting iconic landscapes and one of New Zealand’s top five biodiversity hotspots at serious risk, according to an expert.
EV sales fall, but it’s complicated
Tue 29 Jul 2025
Imports of fully electric vehicles fell over 50% in value during the 12 months to June 2025, compared with the year ended June 2024, according to Stats NZ.
Watts talks big on energy reform, but barriers persist
29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
NZ part of hidden global deep-sea network beneath the waves
Fri 25 Jul 2025
Media release - Earth Sciences New Zealand | A world-first study of marine life, including sea creatures found in New Zealand's dark, cold, pressurised ocean depths, has revealed that deep-sea life is surprisingly more connected than previously thought.
‘Ideological sludge’: How NZ is quiet quitting climate action
17 Jul 2025
New Zealand once stood out as a world leader on climate change. In June it became the first country in the world to abandon a commitment to phase out oil, gas and coal.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
Taranaki mayors want hydrogen kick-start from Wellington
Mon 28 Jul 2025
By Craig Ashworth, Local Democracy Reporter Taranaki mayors want central government to partner up with their councils to kick-start a hydrogen industry. This despite ongoing questions about the gas’s effectiveness in reducing carbon emissions.
Climate catastrophes are creating a ‘new market reality’ for insurance carriers
23 Jul 2025
Raging wildfires and severe storms contributed to record-high global insurance losses — totalling an estimated US$84 billion — for the first six months of the year.
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.
The ICJ’s ruling means Australia and other major polluters face a new era of climate reparations
Fri 25 Jul 2025
By Harj Narulla | OPINION: Australia has found itself on the wrong side of history.
All aboard for passenger rail in the golden triangle
Mon 28 Jul 2025
Media release – The Future Is Rail | New Zealand’s national passenger rail advocacy group, The Future is Rail, has announced its strong support for the Green Party’s proposal to establish a new passenger rail service connecting Auckland and Tauranga.
Urgent action needed to get on track for climate goals - commission
Fri 25 Jul 2025
By Shannon Morris-Williams | New Zealand is making progress on reducing greenhouse gas emissions, but more work is needed – urgently – to set up for future reductions, according to the latest report from the Climate Change Commission.
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.
Toxic algae are turning South Australia’s coral reefs into underwater graveyards
Tue 29 Jul 2025
Since March, a harmful algal bloom, fueled by a marine heat wave, has been choking South Australia’s coastline.
NZ govt’s fossil fuel plans could break international law
24 Jul 2025
By Liz Kivi | The government could be breaching international law with its plans to subsidise and expand fossil fuel extraction, following a ruling overnight from the world’s highest court.
Tipping points: Window to avoid irreversible climate impacts is ‘rapidly closing’
11 Jul 2025
In the midst of a record-breaking heatwave in Europe, the UK city of Exeter recently played host to the second international conference on “tipping points”.
‘Total infiltration’: How plastics industry swamped vital global treaty talks
Mon 28 Jul 2025
Petrostates and well-funded lobbyists at UN-hosted talks are derailing a deal to cut plastic production and protect people and the planet.
Media round-up
Fri 25 Jul 2025
In our round-up of the climate coverage in local media: Dairy conversions surge; Gore is hit with a drinking water crisis; meanwhile farming lobby groups Groundswell and Federated Farmers are up in arms about a plan to classify environmental impacts in the agriculture and forestry sector.
As US climate data-gathering is gutted, Australian forecasting is now at real risk
Wed 30 Jul 2025
As damage from climate change intensifies, political change overseas is threatening Australia’s ability to track what’s happening now, and predict what will happen next.
Activists sue US development bank over $4.6bn loan to massive Mozambique gas project
18 Jul 2025
Environmental groups claim loan is ‘unlawful’ in legal filing.
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.
China's carbon emissions may have peaked thanks to renewables push
Mon 28 Jul 2025
Climate experts say China's carbon emissions may have peaked, which could affect global climate targets, the fight against global warming – and the Australian coal industry.
Ocean heatwaves may signal climate tipping point
Fri 25 Jul 2025
A recent study that tapped into satellite data has revealed that 2023 marked an unprecedented year for marine heatwaves, with record-breaking levels of duration, reach and intensity across the world's oceans.
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’.
Can robot taxis solve NZ's transport woes?
23 Jul 2025
By Shannon Morris-Williams | The Ministry of Transport has tested the idea of driverless taxis as a futuristic fix. But while new modelling explores how "robotaxis" could ease congestion and reduce car ownership, critics say it misses a crucial point – the country’s worsening transport emissions.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
Waste Levy risks becoming ‘slush fund’ under proposed changes – Commissioner
5 Jun 2025
By Shannon Morris-Williams | Proposed changes to New Zealand's waste legislation risk undermining public trust in the waste levy scheme, according to Parliamentary Commissioner for the Environment Simon Upton.
The struggle for control of the Arctic is accelerating - and it's riskier than ever
11 Jul 2025
As the battle for one of the world’s coldest places heats up, an increasingly fragile security balance may be breaking down, leading to an escalating arms race.
UN University report warns against carbon credits from REDD, tree planting, and improved forest management
13 Jun 2025
But the report stops short of recommending banning the trade in carbon temporarily stored in trees.
For the first time, China invests more in wind and solar than coal overseas
29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
