Topics tagged with 'Green finance'
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.
Biodiversity summit makes some breakthroughs but fails to progress finance
5 Nov 2024
COMMENT: The UN’s biodiversity summit ended in a race against the clock at the weekend, writes David Hall, who was at the conference representing Aotearoa start-up the Toha Network.
Carbon credits essential part of decarbonisation toolkit: new report
31 Oct 2024
Carbon credits remain at the heart of global efforts to limit dangerous climate change, with prices predicted to rise towards US$125 by 2035, according to new analysis.
NZ adopts 'underwhelming' Commonwealth Ocean Declaration
30 Oct 2024
Commonwealth nations including Aotearoa and Pacific Island states have adopted the Apia Commonwealth Ocean Declaration.
Use KiwiSaver for climate action, urges charity
25 Oct 2024
Media release | New Zealand charity Mindful Money is calling on Kiwis to drive climate action with their investments.
Govt finances still don’t recognise climate liability
17 Oct 2024
Treasury has failed to recognise a liability for New Zealand’s international climate commitments in its latest financial statement, with its position unchanged on the multibillion dollar price tag of purchasing offshore mitigation.
NZ must work with other countries to reach climate goals: new research
14 Oct 2024
By Liz Kivi | Aotearoa’s international climate targets can only be met through funding significant emissions reductions in other countries. But a lack of public support to spend this money overseas is paralysing New Zealand’s progress towards its goal, according to researchers.
Amazon state that will host COP30 strikes largest carbon credit sale in history
9 Oct 2024
A coalition of developed countries and corporations has agreed to a massive purchase of carbon credits from the Amazon rainforest worth $180 million.
Centre seeks experts to classify sustainable claims
4 Oct 2024
The Centre for Sustainable Finance is looking for experts in sustainable finance, agriculture, and forestry, to develop the agriculture and forestry taxonomy for Aotearoa New Zealand.
Carbon offset pioneer charged with $100 million fraud scheme
4 Oct 2024
US regulators say Australian national Ken Newcombe faked data for carbon credits investment. The Goldman and World Bank veteran denies the allegations but is facing up to 20 years in jail.
Fossil fuel dominance of India’s power mix to end by 2030, says central bank
3 Oct 2024
India's burgeoning economy continues to be overwhelmingly powered by fossil fuels including coal, but that dominance will be consigned to the history books by end of this decade, according to the country's central bank.
ESG is dead. Long live ESG
1 Oct 2024
OPINION: We must urgently address the tension between profitability and sustainability.
'Why are carbon offsets not dead yet?'
26 Sep 2024
Journalist and environmental activist George Monbiot discusses neoliberalism, nature, and negative consequences with the Australia Institute's Climate and Energy program director.
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.
Fifty years of observations, no reversal of glacier climate damage
Tue 31 Mar 2026
Media release: Earth Sciences New Zealand | Fifty years on from the first aerial survey of our Southern Alps glaciers, late snow and variable summer weather delivered a temporary reprieve from rapid ice loss, says Earth Sciences New Zealand.
Fonterra admits ‘100% grass-fed’ claim breached law in greenwashing row
Thu 2 Apr 2026
By Shannon Morris-Williams | Fonterra has admitted its “100% New Zealand grass-fed” claims on Anchor butter were misleading and breached the law, settling a case brought by Greenpeace Aotearoa over packaging used between December 2023 and April 2025.
$30m airline fund risks ‘burning public money’ without lasting benefit – expert
20 Mar 2026
By Shannon Morris-Williams | A $30 million government package to support regional air routes risks delivering poor value for money while increasing emissions, according to transport strategist Tim Adriaansen.
Signs of jet fuel hoarding emerge in Asia on Iran oil shock
26 Mar 2026
Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry.
New protections for NZ migratory species under UN convention
Thu 2 Apr 2026
By Shannon Morris-Williams | New international protections for migratory species, including several found in New Zealand, are a positive step – but global protections won’t halt the decline of migratory species on their own, experts say.
Air NZ joins Marsden Point SAF project
3 Mar 2026
By Pattrick Smellie | Air New Zealand has quietly added its name to a consortium exploring the viability of green hydrogen production for sustainable aviation fuel at Channel Infrastructure’s Marsden Point energy hub.
Economic contraction will impact carbon market
Wed 1 Apr 2026
By Liz Kivi | While higher fossil fuel prices strengthen the long-run economics of decarbonisation, the current fuel crisis won’t inspire near-term confidence in the carbon market, according to Lizzie Chambers of Carbon Match.
Asia ramps up use of dirty fuels to cover energy shortfall triggered by Iran war
Thu 2 Apr 2026
South Korea will delay the shutdown of coal-fired plants, while the Philippines also plans to boost the output of its coal-burning plants
Carbon price: Ups and downs amid geopolitical uncertainty
26 Mar 2026
By Liz Kivi | After ups and downs in recent weeks, the carbon market again broke above the $40 mark this week, with questions around how the Middle East conflict will play out weighing on market confidence.
Labour mulls GIDI 2.0 as factory closures mount
Wed 1 Apr 2026
By Pattrick Smellie | Factory closures across the country could have been prevented if the last Labour-led government’s GIDI fund to assist companies with the cost of electrification hadn't been scrapped, Labour energy spokesperson, Megan Woods, says.
Death toll in Afghanistan flooding increases to 28, authorities say
Wed 1 Apr 2026
Afghan authorities said Monday that the death toll from severe weather that has struck swathes of the country over the past four days has increased to 28, with 49 people injured. Dozens of people have died from extreme weather in the country so far this year.
Sustainable retail-office project breaks ground under new Green Star framework
19 Feb 2026
Construction is set to begin on a new retail-office development in central Auckland, which is targeting a 40% reduction in embodied carbon and 25% lower energy.
Opposition attacks Govt over fossil fuel phaseout backdown
2 Feb 2026
By Liz Kivi | Revelations that Resources Minister Shane Jones ruled out New Zealand signing up to a 'road map' away from fossil fuels at last year’s global climate summit show the National Party’s minor coalition partners’ undue influence over the Government, according to Labour leader Chris Hipkins.
Carbon trading schemes cut more emissions than carbon taxes, according to global study
20 Mar 2026
By Shannon Morris-Williams | Carbon trading schemes are more effective than carbon taxes at reducing emissions, cutting fossil fuel use, and accelerating the shift to renewable energy, a global study has found.
Watts’s last stand: Simeon Brown takes energy portfolio
Thu 2 Apr 2026
By Pattrick Smellie | Energy Minister Simon Watts has lost the portfolio to Cabinet fixer Simeon Brown in a reshuffle announced by Prime Minister Christopher Luxon this morning.
Environmental groups call for ETS reform
20 Feb 2026
Several environmental organisations are calling on political parties to make climate and biodiversity central to the 2026 election campaign, with reforming the Emissions Trading Scheme seen as a key priority.
Dairy farmers' lack of climate action 'even bleaker' than water inaction – Upton
Wed 1 Apr 2026
By Shannon Morris-Williams | Government projections for cutting agricultural emissions are being undermined by low farmer uptake, with the Parliamentary Commissioner for the Environment warning the country is relying on “heroic” assumptions to meet its methane targets.
Transport dominates NZ’s rising consumer emissions
10 Dec 2025
By Shannon Morris-Williams | Transport pollution was the biggest contributor to an increase in New Zealand’s consumption-based emissions in 2023, with emissions from household travel up 12%, and consumption-based emissions totalling 58.3 million tonnes – up 1.6% from the previous year.
Wellington planting nears one million trees
30 Mar 2026
By Shannon Morris-Williams | Greater Wellington’s parks restoration programme will hit one million native trees this year, with the first dams to rewet peat wetlands in Queen Elizabeth Park now completed after a years-long effort to bring these ecosystems – and their carbon sequestering superpowers – back to life.
Lawyers complain to ombudsman over Govt failure to release LNG modelling
Wed 1 Apr 2026
By Liz Kivi | Lawyers for Climate Action has made a formal complaint to the Ombudsman over the Government’s failure to release information about its controversial decision to build a LNG import terminal.
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.”
Five trees can’t offset a car: Lawyers accuse Mazda of greenwashing
9 Mar 2026
By Shannon Morris-Williams | Lawyers for Climate Action NZ is taking Mazda to the Advertising Standards Authority over its claims that a tree-planting programme will offset vehicle emissions.
Govt missing opportunity to slash electricity prices, says expert
11 Feb 2026
By Liz Kivi | The Government’s fixation on eliminating the "dry-year risk margin" as a lever to reduce costs misses a much bigger opportunity to lower electricity prices, according to Christina Hood, head of Compass Climate.
NZ prepares to join ‘gold rush’ for white hydrogen
25 Mar 2026
By Pattrick Smellie | New Zealand may be close to commercialising the capture and use of naturally occurring ‘white’ hydrogen, with investment plans for developments in the Wairarapa region picking up pace in response to spiralling oil prices.
Media round-up
20 Mar 2026
In our round-up of climate coverage in local media: Crown lawyers agree High Court could quash emissions plan if found unlawful; NZ is locked in 'disaster inertia'; and climate change is notably absent from new development laws.
Climate law change spanner in the works for Waitangi Tribunal Inquiry
19 Dec 2025
By Liz Kivi | The Government’s controversial changes to New Zealand’s legal framework for climate policy have thrown a spanner in the works for a long-running Waitangi Tribunal Inquiry into climate change.
Cleantech expo coming to Auckland
26 Mar 2026
New Zealand’s first national cleantech expo is set to bring together 30 innovators, in what organisers say is the country’s fastest growing area in the tech sector.
NZ First targets regional share of mining royalties
30 Mar 2026
By Shannon Morris-Williams | New Zealand First has proposed returning 50% of mining royalties to regional communities, saying that too much of the value from resource extraction is currently flowing to Wellington.
Tuvalu prioritises climate change in agreement with NZ
27 Mar 2026
By Liz Kivi | New Zealand has pledged an additional $20 million to climate resilience work in Tuvalu, more than doubling Aotearoa's aid to the tiny island nation in the current financial year.
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.
Worst in a generation: Environmentalists slam fisheries reform bill
25 Mar 2026
Media release: Greenpeace | The Fisheries Amendment Bill, which will likely have its first reading in parliament this week, is being labelled the worst fisheries policy in a generation by environmental groups who are calling for it to be rejected to protect ocean health.
Govt process to change climate plan ‘fundamentally flawed’, says judge
18 Mar 2026
By Pattrick Smellie | The government’s 2024 changes to New Zealand’s first Emissions Reduction Plan was “as fundamentally flawed a process as I think I have ever seen”, the judge presiding in a case challenging climate change decision-making has said.
Kiwis overly optimistic about state of environment
27 Feb 2026
By Shannon Morris-Williams | New research suggests many New Zealanders believe the environment is in better shape than it really is, with public perceptions often out of step with scientific evidence.
‘They pushed so many lies about recycling’: the fight to stop big oil pumping billions more into plastics
24 Feb 2026
Plastic production has doubled over the last 20 years – and will likely double again. For author Beth Gardiner, metal water bottles and canvas tote bags are not the solution. So what is?
Media round-up
Thu 2 Apr 2026
In our round-up of climate coverage in local media: The widening political gap is deepening cracks in NZ's climate consensus, Christchurch recorded more than 30,000 extra cycling trips over two weeks, and is the energy crisis a renewable inflection point?
Activists occupy controversial gold drilling site
25 Mar 2026
By Max Frethey, Local Democracy Reporter | Opposition in Golden Bay to a controversial gold mine at Sams Creek has flared up over the weekend after several activists briefly occupied a drilling site.
China has a new competitor? Kazakhstan reveals huge rare Earth deposit that could power the next tech boom
25 Feb 2026
China’s grip on rare earths might finally see some competition, and the world is already taking notice.
Sci-tech prioritisation report is a joke that could cost NZ dearly, says NZ Association of Scientists
Thu 2 Apr 2026
Media release: New Zealand Association of Scientists | The Prioritisation Report released yesterday by the Prime Minister’s Science Innovation and Technology Council makes a poor case for further cuts and changes to our research system.
DOC trims costs and winds down jobs for nature
10 Nov 2025
The Department of Conservation (DOC) is entering a new phase of tighter budgets and structural change as it winds down the pandemic-era Jobs for Nature programme and reshapes its operations to absorb long-term cost pressures.
AI’s arrival complicates Big Tech climate goals, and some worry it’s locking in more fossil fuels
Thu 2 Apr 2026
Six years ago, Google was confident that by 2030 it would power all operations with electricity generated from clean sources, including wind and solar power, and remove as much pollution as it produced. Today it calls those goals a “moonshot.” Microsoft says it’s still aiming to remove more carbon than it creates by 2030 but now describes the effort as “a marathon, not a sprint.”
Pacific climate response in question as NZ finance remains unclear
19 Dec 2025
By Shannon Morris-Williams | With New Zealand's $1.3 billion international climate finance commitment set to end with no clarity on what follows, the Auditor-General says oversight of that funding remains patchy and long-term outcomes are unclear.
Momentum speeds up for low-emissions heavy transport
Thu 2 Apr 2026
By Shannon Morris-Williams | New Zealand’s heavy vehicle sector is starting to move toward lower-emissions alternatives, with electric vehicles now delivering cost savings as well as lower emissions.
Infrastructure plan calls for ‘predictable approach’ to electrifying economy
18 Feb 2026
Aotearoa’s first National Infrastructure Plan, introduced to Parliament yesterday, calls for "a predictable approach to electrifying the economy" as one of ten priorities for the next decade.
‘Stop burning fossil fuels’ pleads scientist as extreme rain causes floods yet again
27 Mar 2026
Northland and Auckland have again been lashed by heavy rain, with hundreds of people evacuated last night because of extensive flooding in the Far North, and some areas hit by more than a month's average rainfall in just 24 hours.
AI tool predicts wildfire danger faster than current systems
26 Mar 2026
Media release | A wildfire forecasting system powered by artificial intelligence could help detect dangerous fire conditions earlier and reduce the cost of wildfire response, according to new research from Te Whare Wānanga o Waitaha | University of Canterbury.
Record wind output helps shield the UK from worst of Iran war fallout
Wed 1 Apr 2026
Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.
