Topics tagged with 'Green finance'
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."
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.
Lobby group launches ‘blueprint’ for ocean management reform
Thu 18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Carbon price steady after failed quarterly auction
Tue 16 Sep 2025
By Liz Kivi | The carbon price has continued to trade in its familiar moribund range in the high $50s following last week’s failed quarterly auction, with ample supply still trading on the secondary market at about $10 below this year’s $68 auction floor.
NZ needs to be part of a regional SAF strategy: Z, Air NZ
9 Sep 2025
By Pattrick Smellie | New Zealand needs to be part of a regional strategic approach to sourcing sustainable aviation fuel (SAF), with domestic production less the aim than ensuring access to the fuel from one of a number of strategically positioned bio-refineries around the world.
'Non-negotiable' – EU carbon pricing to hit Kiwi exporters, expert warns
11 Sep 2025
By Shannon Morris-Williams | High carbon exports will inevitably face a high carbon tax at the EU border, possibly in the next five years, and high methane agricultural products might not be exempt, an international expert told a local audience yesterday.
UK foreign aid for nature hits £800m record due to cash for carbon credits
Tue 16 Sep 2025
The UK’s climate-aid spending on “nature protection and restoration” reached record levels of nearly £800m last year, according to government figures obtained by Carbon Brief.
Air NZ declares surprisingly low SAF prices
3 Sep 2025
By Pattrick Smellie | Air New Zealand is able to source sustainable aviation fuel at between 1.5 and 2.5 times the price of conventional fossil fuels used for flying, all sourced from the US.
No bidders front to carbon auction - again
10 Sep 2025
By Liz Kivi | Today’s quarterly carbon auction was a non-event yet again, making it the third consecutive auction this year with no bidders, with the secondary market price still limping along at nearly 20% below the auction floor.
IEA reiterates ‘no new oil and gas needed’ if global warming is limited to 1.5C
Thu 18 Sep 2025
The world would not need to invest in new oil and gas projects if demand for the fuels fell in line with the 1.5C limit on global warming, says the International Energy Agency.
'Atrocious' and 'bizarre': experts slam Act Party's climate policy
3 Sep 2025
By Liz Kivi | The Act Party is promising to challenge New Zealand’s Paris Agreement climate target, while the coalition Government’s other minor partner, NZ First, also says it wants to reevaluate the country’s commitment to the international treaty.
Industry struggles with double-digit power price hikes
Mon 15 Sep 2025
As power prices surge by double-digit amounts for the second year in a row, industrial users can’t keep absorbing cost increases, the Major Electricity Users’ Group says.
The merchants of doubt are back
3 Sep 2025
OPINION: If you don’t follow climate policy closely, you might not know that the Trump administration is launching an effort to overturn one of the most fundamental pillars of American climate policy.
Milestone for NZ Steel electrification
10 Sep 2025
By Pattrick Smellie | NZ Steel has passed an installation milestone for its new electric arc furnace, which will reduce emissions from the Glenbrook steel mill site by as much as one megatonne (1Mt) a year.
RMA to speed up fossil fuel consents
18 Aug 2025
By Liz Kivi | An energy lobby group has welcomed a last-minute amendment to the RMA that puts fossil fuels on the same footing as renewables, however a sustainable energy expert says the move “beggars belief.”
Watts not considering removing electricity from ETS
Tue 16 Sep 2025
Energy and Climate Change Minister, Simon Watts, says he is “not currently considering” removing electricity generation from the Emissions Trading Scheme, as proposed by NZ First Minister Shane Jones.
Gentailers told to behave as ministers weigh Frontier review
Wed 17 Sep 2025
The chief executives of Contact, Meridian, Mercury and Genesis met Energy and Climate Change Minister Simon Watts on Thursday for their regular monthly session.
Declining sea-ice is altering Antarctic food webs
11 Sep 2025
A new study shows a significant change in Antarctic phytoplankton over time that could cascade through the marine food web and affect the ocean’s capacity as a carbon sink.
Science cuts will hold back climate research
Wed 17 Sep 2025
By Liz Kivi | A crisis in government-backed science funding is worsening, with dire implications for climate research in New Zealand, according to experts from the scientific community.
Marginal drop in last year's regional emissions
27 Aug 2025
Regional greenhouse gas emissions were down slightly last year, with a fall in gas supply leading to a big drop in Taranaki, but more coal burnt leading to higher emissions in Waikato, according to new figures from Stats NZ
Indigenous forest 'islands' could help transition exotic plantations to native bush
11 Sep 2025
Native forest 'islands' within exotic plantations might be the key to transitioning plantations from exotic to Indigenous, according to new research.
Decline in global oil and gas field output accelerating, IEA says
Wed 17 Sep 2025
The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources.
A modest geothermal strategy
31 Jul 2025
By Pattrick Smellie | The Government has unveiled a far more modest geothermal energy strategy than its primary backer, Resources Minister Shane Jones, had sought.
Media round-up
5 Sep 2025
In our round-up of climate coverage in local media: The great methane debate; law change scuppers legal challenge to irrigation scheme consent; and what are the energy and climate implications of the $7.5 billion Amazon Web Services data centre deal?
Coal imports up 650%
12 Sep 2025
By Shannon Morris-Williams and Liz Kivi | Coal imports are up 650% as generators stockpile the most polluting fossil fuel ahead of next winter.
Hiringa eyes green methanol plant near Whanganui
29 Jul 2025
By Pattrick Smellie | Green hydrogen pioneer Hiringa Energy is deep in planning to develop an “eight-to-nine figure” methanol plant near Whanganui, using a combination of biomass and hydrogen produced using renewable energy.
Media round-up
29 Aug 2025
In our round-up of climate coverage in local media: Changes to road user charges will increase New Zealand's emissions; Climate Change Minister Simon Watts promises better access to hazard data for homeowners; and Kiwis borrow over $1 billion in ‘green loans’ for heat pumps and electric cars.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Young activists won a landmark state climate trial. Now they’re challenging Trump’s orders
Thu 18 Sep 2025
Young climate activists and their attorneys who won a landmark global warming trial against the state of Montana are trying to convince a federal judge to block President Donald Trump’s executive orders promoting fossil fuels.
Forest carbon stores massive blind spot - study
4 Sep 2025
By Shannon Morris-Williams | Aotearoa New Zealand’s planted forests hold significant deep soil organic carbon — with over half of it stored below 30 cm, and much of it over 1,000 years old.
Govt tweaks offshore energy bill with 'declared areas' model
Wed 17 Sep 2025
By Shannon Morris-Williams | The Government is making changes to the Offshore Renewable Energy Bill to address offshore wind developers' concerns about competing for space with other industries.
NZ's latest climate target 'weak' – Climate Action Tracker
24 Jun 2025
By Shannon Morris-Williams | New Zealand's new international climate target to 2035 is weak, and could even allow for higher emissions than the 2030 target, according to a global scientific project that tracks government climate action.
A steady ocean pattern just failed for the first time ever observed
Wed 17 Sep 2025
The failure of the Gulf of Panama’s seasonal upwelling system has left scientists wondering what happens next.
Watts full-throated in National’s support for Paris
10 Sep 2025
By Pattrick Smellie | Climate Change Minister Simon Watts came to this week’s Climate Change and Business Conference with nothing to announce.
Govt resilience plan 'dangerous fantasy' - thinktank
29 Aug 2025
By Shannon Morris-Williams | An independent thinktank, whose members include former Prime Minister Sir Geoffrey Palmer and multiple academics, is warning that the government’s long-term resilience strategy ignores physical and energy realities and exposes Kiwi households and businesses to systemic failure.
‘Plastic Cup’ competitions are cleaning up rivers in Hungary
1 Sep 2025
Afloat on DIY boats, teams of volunteers have removed over 450 tons of plastic waste from the Danube and its tributaries.
Can certificates solve NZ's heavy vehicle emissions problem?
Thu 18 Sep 2025
By Shannon Morris-Williams | The Sustainable Business Council has launched a new framework for a national system to cut freight emissions.
Climate change collaboration and competition law
Thu 18 Sep 2025
By Pattrick Smellie | The revamped competition law regime needs to be able to take into account the benefits of companies that collaborate for action on climate change, says the panel that reviewed both the Commerce Commission and the Commerce Act.
Underestimating support for climate action limits political decision making, study says
8 Sep 2025
Research reveals huge disparity between perceived and actual willingness of public to contribute to fixing climate.
Straterra has a new name: the New Zealand Minerals Council
16 Apr 2025
Media release | Straterra has been renamed as New Zealand Minerals Council, says chief executive Josie Vidal.
One city’s race to ‘solarise everything we possibly can’
Thu 18 Sep 2025
Bordeaux is quickly transforming itself into France’s top solar-powered city, banking on innovations like transparent panels that preserve its historic architecture.
The ozone hole continues to recover thanks to international action
Wed 17 Sep 2025
Media release: World Meteorological Organization (WMO) | The Earth’s protective ozone layer is healing and the ozone hole in 2024 was smaller than in recent years, according to a new report.
Climate groups want UK wealth tax to make super-rich fund sustainable economy
17 Jul 2025
Growing number of campaigners urge government to ensure green investment is not done ‘on backs of the poor’.
Ara Ake backs 13 projects to unlock NZ’s energy flexibility
11 Sep 2025
Media release | Ara Ake has approved over $600,000 in funding from the National Flex Discovery Fund for 13 flexibility service providers (FSPs).
Last minute change to oil and gas legislation over cleanup costs
31 Jul 2025
By Liz Kivi | The government is expected to repeal the oil and gas ban today, with a last-minute amendment handing discretionary power to two ministers over the controversial issue of decommissioning.
Most EU carmakers on track to meet emission targets: study
10 Sep 2025
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study showed.
Hotter, longer, more frequent: NZ’s escalating heat risk
26 Aug 2025
By Shannon Morris-Williams | Heat extremes in New Zealand will intensify faster than previously thought, according to a new study.
Echo Tech secures growth investment to tackle NZ's e-waste crisis
Mon 15 Sep 2025
Media release | Echo Tech Limited, New Zealand’s leading provider of e-waste recycling and IT asset recovery services, is proud to announce a strategic investment from growth equity firm Altered Capital.
La Niña set to prolong NZ hydro shortfall
9 Sep 2025
By Shannon Morris-Williams | With La Niña favouring a drier-than-normal spring across much of the South Island, hydro lakes are unlikely to recover without substantial rain and late snowmelt – keeping national storage levels below average.
Record UK wildfires have burned an area twice the size of Glasgow in 2025
12 Aug 2025
Wildfires have scorched more than 40,000 hectares of land so far this year across the UK – an area more than twice the size of the Scottish city of Glasgow.
Which countries are scaling solar and wind the fastest?
12 Sep 2025
The leaderboard is quite different depending on what metric you look at.
