Topics tagged with 'Green finance'
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."
World Bank chief says he will keep 'intense' focus on efforts to address climate change
10 Oct 2022
World Bank president David Malpass has said that he is keeping an "intense" focus on the bank's efforts to address climate change and embracing the US Treasury's call to dramatically boost lending capacity to address this and other global problems.
Global Innovation Co-op Summit explores co-op solutions to global challenges
4 Oct 2022
What can co-ops do to address global challenges such as climate change, digitisation or inequality? The Global Innovation Co-op Summit in Paris (25-26 September) suggested many co-operative solutions while showcasing best practices from various sectors.
500-plus institutional investors urge governments to step-up climate ambition
14 Sep 2022
Investor groups from around the world have released a statement signed by 532 institutional investors with US$39 trillion in assets under management (AUM), advocating for governments to enact ambitious policies that would leverage the private capital required to effectively address the climate crisis.
US investment giant BlackRock in $1 billion big battery play in Australia
17 Aug 2022
US investment giant BlackRock is planning to invest at least $1 billion in big battery projects in Australia after agreeing to buy out Melbourne-based Akaysha Energy and its portfolio of at least nine projects in the country’s main grid.
US commitment to Pacific island climate action far from ironclad: A Chinese view
16 Aug 2022
As US President Joe Biden is set to host leaders of Pacific island countries at the White House in September, island nations will be watching how seriously his administration takes their calls for help to combat climate change, the South China Morning Post (SCMP) reported on Sunday, citing analysts.
Africa getting just 12% of financing needed to adapt to climate change -report
12 Aug 2022
Africa is getting just 12% of the finance it needs to manage the impact of climate change, a report on Thursday said, raising pressure on rich nations to do more in the run up to global climate talks in November.
Financial Markets Authority taken to task for failing to call out greenwashing
11 Aug 2022
The Financial Markets Authority has been accused of breaching its own code of conduct and failing to properly enforce ethical standards by refusing to define what makes an investment ethical.
Westpac offers low interest loans for e-bikes and EVs
11 Aug 2022
Westpac NZ has launched a new low-interest personal loan to support more New Zealanders to buy a range of electric vehicles, including EVs, e-bikes, e-scooters and e-mopeds.
IMF calls for global guidelines on climate reporting
10 Aug 2022
Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.
Kiwibank to offer sustainable loans to all business customers
9 Aug 2022
Kiwibank is to offer preferential interests rates on sustainable loans to business customers beyond the agriculture sector for the first time from next month.
Youth scholarships to Climate Change and Business Conference up for grabs
2 Aug 2022
The Climate Change and Business Conference, being held in Auckland in September, has announced a scholarship for 18-30-year olds to allow them to attend the $975 event.
Banks far from hitting Paris climate targets, groups warn
29 Jul 2022
The world's most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the livability targets of the Paris Agreement, an assessment released Thursday by an institutional investors' group warned.
They helped create ESG. Two decades later, some see a mess.
28 Jul 2022
The story of how ESG investing began is almost as wonky as its name.
Australia’s three richest men are spending their billions on green energy transition
26 Jul 2022
The surprise bid for renewables and storage developer Genex Power announced on Monday morning by billionaire Scott Farquhar and his wife Kim Jackson tells two interesting stories about Australia’s green energy transition.
Octopus launches $10 billion renewables platform, buys Australia’s biggest solar farm
21 Jul 2022
Octopus Investment Australia has officially launched its new $10 billion renewables “platform”, that will seek to finance big solar, wind and battery storage projects and has already bought the biggest operating solar farm in Australia.
Europe's landmark test of banks' resilience to climate risk is softer than expected
7 Jul 2022
Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter.
Mindful Money Ethical and Impact Investment awards winners announced
30 Jun 2022
Pathfinder Asset Managment has scooped the top prize at the Mindful Money Ethical and Impact awards for the second year running.
The Swedish city that asked its banks for an ultimatum
30 Jun 2022
If Gothenburg doesn’t meet its climate and social goals, its lending banks will charge it a fine — at the city’s request.
Global CEOs call on G7 leaders to step up climate action
28 Jun 2022
Large global companies are pushing world leaders to step up action to tackle climate change at the G7 summit in Germany this weekend, demanding large-scale carbon pricing and measures to increase demand for clean technologies.
Multi-million dollar fund set to address high failure rate of kiwi social enterprises
27 Jun 2022
Media Release - A new $20 million fund and incubation initiative designed to address the high failure rate of New Zealand startups with a social or environmental purpose has launched
In Turkey, study recommends investments in olive farms instead of coal mines
13 Jun 2022
In the wake of the recent regulation in Turkey opening olive groves to coal mining activities, a new report focused on the country’s Milas district found that the expansion of the olive oil sector represents a better alternative to mining for the local economy.
Circular economy discussion paper for investors released
10 Jun 2022
Media Release - The Investor Group on Climate Change today released a new discussion paper on The Circular Economy – the systemic approach that has risen to prominence as a key method to address climate change.
Temasek commits US$3.6 billion to launch climate-focused investment platform
7 Jun 2022
Singapore's state-owned investor Temasek said on Monday it would invest an initial amount of S$5 billion (US$3.64 billion) to establish an investment platform GenZero, in a step towards driving its net-zero emission targets.
EU spending on climate action ‘overstated’ by €72bn, auditors say
1 Jun 2022
Spending on climate action in the EU’s 2014-2020 budget was “not as high as reported” in official documents, the European Court of Auditors (ECA) said in a report published on Monday (30 May).
G7 ministers declare 2035 clean grid target, postpone decisions on climate finance
31 May 2022
The Group of Seven western industrialized countries set a 2035 deadline to decarbonize electricity generation, promised to end international public financing of fossil fuels this year, cited Russia’s war in Ukraine as a catalyst for a faster fossil phaseout, but left themselves a long list of agenda items on climate finance as they tied up a marathon series of ministerial meetings in Germany last week.
Finalists in Mindful Money Awards announced
27 May 2022
Media Release -Finalists Announced for Mindful Money Ethical and Impact Investment Awards: Celebrating leaders in the transition towards ethical investment
Carbon credit standards body Verra suspends blockchain, crypto tokenization
27 May 2022
Yesterday Verra, the Washington-based non-profit that sets voluntary carbon credit standards, said it is immediately stopping the practice of creating blockchain tokens or instruments based on retired credits
How a French bank set the gold standard for climate action
24 May 2022
The headquarters of La Banque Postale resemble a towering greenhouse in a quiet residential neighborhood of Paris, about a mile east of the Eiffel Tower.
HSBC AM global head of responsible investing: 'Who cares if Miami is six metres under water in 100 years?'
23 May 2022
HSBC Asset Management global head of responsible investing Stuart Kirk has questioned the risk climate change plays for financial markets, arguing that it is not one investors should worry about.
Your money is your carbon
23 May 2022
If you've got $125k in the financial system, it's doing as much damage as your cooking and your heating and your flying. These are the most important new climate numbers for many years
Sustainable bonds poised for growth, but standards remain a potential bottleneck
13 May 2022
A recent study estimates that green, social and sustainability bond issuance may reach €1.6tn in just four years, but also highlights concerns on standards and the liquidity of the market.
Barclays and Standard Chartered shareholders reject climate plans
6 May 2022
The annual general meetings of banking giants Barclays and Standard Chartered were disrupted by climate activists calling for heightened climate targets, with shareholders failing to align with current efforts from the organisations to meet net-zero emissions.
West African countries pledge $294 billion to fight climate change
4 May 2022
The leaders of the Economic Community of West African States (ECOWAS), a regional, political and economic union of west African countries, recently agreed to spend $294 billion over the next 10 years to fight against climate change.
Credit Suisse investors push for faster climate action
27 Apr 2022
A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday.
IIGCC launches framework to ‘raise bar for investor climate stewardship’
22 Apr 2022
The Institutional Investors Group on Climate Change (IIGCC) has launched a ‘Net Zero Stewardship Toolkit’, described as aiming to “raise the bar for investor climate stewardship”.
IMF expects 'significant' pledges for new climate, pandemics trust
19 Apr 2022
The International Monetary Fund expects to members to make "significant" pledges of support for its newly approved Resilience and Sustainability Trust during the IMF-World Bank spring meetings beginning this week, a senior IMF official said.
Nasdaq launches carbon removal indices
1 Apr 2022
Nasdaq has launched the world’s first commodity reference price indices tracking the price of removing carbon dioxide from the atmosphere.
Super Fund teams up with Danes to explore massive offshore wind project
29 Mar 2022
The NZ Super Fund and Copenhagen Infrastructure Partners have formed a joint company to explore the feasibility of an offshore windfarm in Taranaki that could supply 11% of New Zealand's current electricity demand.
Biden wants record $11 billion in climate aid to poor nations
29 Mar 2022
President Joe Biden is asking Congress to dedicate $11 billion in taxpayer dollars to help other nations deploy clean energy and withstand the growing consequences of climate change -- more than 10 times the amount lawmakers doled out to the effort in fiscal 2022.
Carbon trading platform launched in Singapore
23 Mar 2022
Climate Impact X (CIX), a global carbon exchange and marketplace, has launched a new, Singapore-based digital carbon credit trading platform called Project Marketplace.
Mark Carney scales back plans as doubts grow over carbon offsets
18 Mar 2022
Former Bank of England Governor Mark Carney’s initiative to boost the market for carbon offsets is being scaled back, in the wake of fierce debate around whether the traded assets really help avert global warming.
Investors launch global climate standards for companies
15 Mar 2022
Investors on Monday launched a 14-point plan of action for companies to stick to or risk having their actions put to a shareholder vote, stepping up pressure on corporate climate lobbying.
NZ Green Investment Finance confident it’s not funding muscle cars
9 Mar 2022
The chief executive of the NZ Green Investment Finance told the Finance and Infrastructure Committee, this morning, that the green bank had sufficient safeguards in place to ensure it didn’t end up funding muscle cars instead of EVs.
Almost all climate-related corporate disclosures are inadequate: CDP
4 Mar 2022
Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information they need to assess whether they have a credible plan for the transition to a low-carbon economy.
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.
