Topics tagged with 'Green finance'
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.
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.
Media round-up
Fri 17 Apr 2026
In our round-up of climate coverage in local media: The fuel crisis is a chance for government to reduce greenhouse gas emissions, what would it take to tap into New Zealand's oceans energy, and which political parties would subsidise your rooftop solar panels?
Climate pollution static but NZ still on track for first emissions budget, says MfE
Fri 17 Apr 2026
By Liz Kivi | New Zealand is still on track to meet its first emissions budget, according to the Ministry for the Environment, despite the pace of emissions reductions slowing to standstill.
$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.
EU working on jet fuel plan as Iran crisis threatens air travel
Fri 17 Apr 2026
The European Union is drafting plans to tackle a looming jet fuel supply crunch and maximise refinery output, officials said.
Environment ministry straining under pressure of reforms and potential disestablishment
Wed 15 Apr 2026
The ministry responsible for New Zealand’s most significant resource management reform in a generation is doing so under institutional strain, compressed timeframes, and an uncertain future – including its own potential disestablishment.
New alliance wants renewable-led energy – and Govt to press pause on LNG
9 Apr 2026
A newly formed coalition of business, consumer and energy organisations has unveiled a renewable-led strategy it says will strengthen the country’s energy security, and it’s calling on the Government to pause its plan for an LNG import terminal.
Latest emissions inventory: ‘Something has gone very wrong’
Thu 16 Apr 2026
By Liz Kivi | New Zealand’s greenhouse gas emissions in 2024 decreased by just 0.1% compared to 2023, in what an expert says is a “terrible result”, compared to faster progress in previous years.
Critical Atlantic current significantly more likely to collapse than thought
Fri 17 Apr 2026
The critical Atlantic current system appears significantly more likely to collapse than previously thought after new research found that climate models predicting the biggest slowdown are the most realistic
Carbon ‘stockpile’ up 9 million in March quarter
10 Apr 2026
By Liz Kivi | The ‘stockpile’ of pollution permits (NZUs) in private accounts has increased by just over 9 million to almost 145 million since the end of 2025, according to the latest figures from the Environmental Protection Authority.
Activist ends five-day tree-top protest at West Coast coal mine
10 Apr 2026
By Shannon Morris-Williams | A climate activist has ended a five-day tree-top occupation that blocked access to Bathurst Resources’ Cypress Mine on the West Coast, in a protest against plans to expand what could become New Zealand’s largest coal mine.
Supply-side pressures and political uncertainty ahead for carbon market
7 Apr 2026
By Kristen Green | ANALYSIS: With failed auctions, a surge of new forestry registrations, and an election a few months away, the NZ ETS in 2026 will be subject to a mix of supply-side pressures and political uncertainty.
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.
Self-interest should drive investment in overseas climate action, says former climate commissioner
Mon 13 Apr 2026
By Liz Kivi | Wealthy countries – including New Zealand – aren’t doing nearly enough to fund climate mitigation in the developing world, with new research saying we need to "change the conversation" to spark action in this vital area.
Why cheap power could matter more than clean power in the push for net zero
Fri 17 Apr 2026
The issue has taken on new urgency as conflict in the Middle East pushes up oil and gas prices, raising fears that high energy costs could persist.
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.
Climate risks could reshape business finances, new guidance warns
Wed 15 Apr 2026
By Shannon Morris-Williams | New guidance warns climate change is set to fundamentally reshape financial outcomes for businesses, including difficult-to-model climate “tipping points” – irreversible changes such as ice sheet collapse or ocean circulation shifts – which threaten severe and sudden financial impacts.
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.
Wilding conifers continue to plague Southland
Fri 17 Apr 2026
By Matthew Rosenberg, Local Democracy Reporter | Fast-spreading conifer trees are causing headaches in Southland as inconsistent funding continues to hinder control efforts.
A matter of strategy
7 Apr 2026
COMMENT: Even on the brink of a global commodities crisis, the possibilities for climate action aren't hopelessly foreclosed. Strategy can turn our fortunes around, writes David Hall.
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.”
Fonterra admits ‘100% grass-fed’ claim breached law in greenwashing row
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.
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.
Environmental groups launch legal action over Govt's 'tick-box approach' to conservation land
8 Apr 2026
By Liz Kivi | Forest & Bird and the Environmental Defence Society are taking the Government to court over decisions about the future of publicly-owned land on Te Tai Poutini/the West Coast.
Genesis fires up pellet study with Nature’s Flame
8 Apr 2026
By Pattrick Smellie | Genesis Energy is extending its quest for locally produced torrefied wood pellets to supplement coal and gas to fuel its Huntly power station, announcing it is investigating plant construction with established local solid fuels player Nature’s Flame.
Carbon News launches price index
24 Jun 2024
Today’s issue is the first to feature Carbon News’ own carbon price index for secondary market spot prices for NZUs on New Zealand’s compliance market.
Ocean protections clash with mining pressure in Indonesia’s most diverse marine ecosystem
Mon 13 Apr 2026
Long regarded as a global model for ocean conservation, Raja Ampat ecosystems are now under pressure, as concerns grow over the expansion of nickel mining alongside a surge of international tourism.
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.
Renewable build-out runs into grid and firming limits
8 Apr 2026
New Zealand's electricity market entered 2026 with renewable generation at record levels and a substantial build pipeline finally moving from paper to construction. The harder question is whether the wider system can absorb and firm that capacity fast enough.
Lawyers complain to ombudsman over Govt failure to release LNG modelling
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.
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?
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
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.
Marlborough’s Rānui Solar Farm enters final testing
Thu 16 Apr 2026
By Shannon Morris-Williams | Marlborough's biggest solar farm has entered its final testing phase and is now generating up to 9.9MW of electricity, marking a key milestone for a project expected to boost regional energy security.
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.
AI surge gives carbon capture a new push
Wed 15 Apr 2026
Technology that captures carbon emissions from power plants may finally get a breakthrough as deep-pocketed tech companies try to meet climate goals while powering the AI race.
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.
NZ’s latest push to roll out more EV chargers is a good thing – but can it go the distance?
Tue 14 Apr 2026
A $50 million plan to expand New Zealand’s public electric vehicle (EV) charging network marks another step toward a lower-emissions transport system.
India walked away from its bid to host COP33 – here's why
Thu 16 Apr 2026
India has quietly abandoned its bid to host the UN's top-tier climate conference COP33, marking a shift from PM Narendra Modi's pledge in 2023. Experts and analysts explore what's behind the decision.
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.
Dairy farmers' lack of climate action 'even bleaker' than water inaction – Upton
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.
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.
Fast-track approved project could deliver NZ’s largest wind farm
7 Apr 2026
Media release: New Zealand Government |Fast-track approval has been granted for New Zealand’s largest wind farm project.
