Topics tagged with 'Green finance'
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.
NZ Super Fund to invest US$100 million in climate mitigation and adaptation
20 Dec 2022
Media release - The NZ Super Fund has committed US$100m to a fund that will invest in companies developing products and solutions for climate change mitigation and adaptation.
Is Patagonia the end game for profits in a world of climate change?
21 Nov 2022
Many brands are aligning profits with purpose, but Patagonia’s decision in September to convert its for-profit business to one under which all the profits flow through to fighting climate change is the most complex move yet by a U.S.-based company in the realm of sustainable capitalism. Is it a model for other companies to pursue in the future?
New Zealand Sovereign Green Bonds issued
16 Nov 2022
Media release - NZ Government | The Government welcomes New Zealand Debt Management’s issuance of NZ$3 billion of the New Zealand Sovereign Green Bonds that will mature in 2034.
Global South needs $2 trillion a year to tame, cope with climate
9 Nov 2022
Developing and emerging countries - excluding China - need investments well beyond $2 trillion annually by 2030 if the world is to stop the global warming juggernaut and cope with its impacts, according to a UN-backed report released Tuesday.
Reserve Bank’s CO2 emissions jump by 18%
14 Oct 2022
The Reserve Bank’s carbon footprint jumped by 18% in the 2021/22 year to 8,034 tonnes CO2e.
Larry Summers' trillion-dollar climate spending plan
12 Oct 2022
Larry Summers — who spent the last year-and-a-half warning about easy money and inflation — is calling on the World Bank to loosen its lending limits to combat climate change and think in the "trillions not the billions."
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.
