Topics tagged with 'Green finance'
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.
Climate risks are wake-up call for sovereign bonds
4 Mar 2022
The government bond market needs to wake up to climate-related risks, according to a report calling for more countries to follow Chile’s lead in issuing debt linked to sustainability targets.
Government commits $2 million to lithium recovery
23 Feb 2022
A government holding company is taking a $2 million stake in Geo40 Ltd to help it upscale is lithium recovery technology at Ohaaki near Taupo.
Green groups slam HSBC's new targets for cutting financed emissions
23 Feb 2022
HSBC has published new targets for reducing financed emissions from its clients in the energy sector, claiming they are "net-zero-aligned". But campaign groups argue that they defer important decisions on coal and could lead to the bank financing oil and gas expansion.
Three banks join initiative for voluntary carbon market platform
21 Feb 2022
Three more banks have joined an initiative to develop a new platform for settling transactions of voluntary carbon credits.
UK renewables auctions to be held annually in green energy push
11 Feb 2022
The UK government has re-stated its faith in green technologies with a decision that it says will create a steady stream of renewable energy projects.
U.S. markets regulator flags risks for ratings firms in ESG boom
8 Feb 2022
Credit ratings agencies face new risks as they throw themselves into the fast-growing business of environmental, social and governance (ESG)-based investing, the U.S. Securities and Exchange Commission (SEC) warned in a new report.
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.
