Topics tagged with 'Green finance'
Big climate change job awaits WTO
24 Nov 2021
From laying down the law on fossil fuel subsidies to promoting low-carbon supply chains, there is no shortage of ways in which the World Trade Organisation could be at the forefront of the global fight against climate change.
$1 million in innovation funding up for grabs
17 Nov 2021
The Westpac NZ Government Innovation Fund has announced a $1 million funding pool to drive innovation around financing and incentivising the decarbonisation of Aotearoa.
NZGIF pumps $40 million into solar
16 Nov 2021
The government-owned New Zealand Green Investment Finance bank is investing up to $40 million in commercial-scale solar installations.
Fixing climate finance: Jeffrey Sachs
16 Nov 2021
The United Nations Climate Change Conference in Glasgow (COP26) fell far short of what is needed for a safe planet, owing mainly to the same lack of trust that has burdened global climate negotiations for almost three decades.
Cook Islands calls for new class of climate debt
11 Nov 2021
Cook Islands prime minister Mark Brown has called for climate related debt to be treated differently from national debt.
Climate is the ‘biggest single opportunity’ the insurance industry has ever seen: Lloyd's
10 Nov 2021
CLIMATE is the “ultimate systemic risk” and represents “the biggest single opportunity the insurance industry has ever seen,” according to the CEO of the centuries-old insurance market Lloyd’s.
London Stock Exchange aims to bring firms’ carbon claims ‘out into daylight’
10 Nov 2021
The London Stock Exchange is aiming to make funding for carbon reduction projects more transparent, introducing a new market that it says will help the industry to scale.
Glasgow Conversations: Day 8
9 Nov 2021
On day 8 of COP26, Alastair Thompson attends a Barak Obama talk, a briefing by climate change minister James Shaw, and delves into the important but mind numbingly complicated world of climate finance.
African nations seek talks on $700bn climate finance deal
9 Nov 2021
African nations want Cop26 to open discussions this week on a mega-financing deal that would channel US$700bn every year from 2025 to help developing nations adapt to the climate crisis.
The Warehouse and Westpac NZ Sign $70m sustainability-linked loan
9 Nov 2021
Media Release - The Warehouse Group will have to meet five sustainability performance goals including sustainable packaging, carbon emissions and gender targets to receive discounted rates, under a trailblazing Sustainability-Linked Loan agreed with Westpac NZ.
A $130T climate promise is greeted with suspicion
5 Nov 2021
Political leaders are showering financial titans with praise at global climate talks. But their show of pageantry and back-patting is masking a deeper concern: that the banking industry’s pledges to help fight global warming are vague and unenforceable.
Al Gore warns of a $22 trillion ‘subprime carbon bubble’
4 Nov 2021
Al Gore, the former vice president of the U.S. and the chairman of Generation Investment Management LLP, said the world is witnessing a sustainability revolution and warned that investors caught on the wrong side of history will face losses.
Current carbon market a problem: Mark Carney
4 Nov 2021
The current voluntary carbon offset market is "part of the problem", former governor of the Bank of England and UN Special Envoy on Climate Action and Finance Mark Carney said today at the UN Cop 26 climate summit.
More than $100bn in public investments to be climate friendly
29 Oct 2021
The government has announced a new “responsible investment framework” that will see the more than $100bn managed by Crown Financial Institutions required to be aligned with the goal of carbon neutrality by 2050.
Climate change most significant risk ever faced by financial system: Adrian Orr
27 Oct 2021
CLIMATE CHANGE poses the most significant risk ever confronted by the financial system - both locally and internationally, Reserve Bank governor Adrian Orr told a media briefing yesterday.
Look beyond carbon credits to put a price on nature’s services: experts
5 Oct 2021
Putting a value on nature could be the key to getting the trillions of dollars in investments nature-based solutions need to successfully tackle the climate crisis, experts said at a recent sustainability conference in Singapore.
Stronger NSW 2030 emissions reduction goal signals increased investment opportunity
29 Sep 2021
Media Release - The NSW Government has announced it will halve emissions from 2005 levels by 2030.
Legal experts define a new global crime: ‘ecocide’
27 Sep 2021
A panel of 12 legal experts from around the world have released a proposed definition for a new international crime called “ecocide” covering “severe” and “widespread or long-term environmental damage” that would be prosecuted before the International Criminal Court in the Hague.
KiwiRail obtains climate certified loan for ferries
23 Sep 2021
KiwiRail is the first company in the world to have a shipping loan certified under the Climate Bonds Initiative Framework – despite having come in for criticism for opting for a hybrid diesel system over a bio-methanol one with lower emissions.
Climate change ETFs found to be undermining war on global warming
21 Sep 2021
Climate-focused investment funds are undermining the fight against global warming by routinely engaging in greenwashing, academic research has claimed.
Climate change and price stability mandates at central banks
14 Sep 2021
Traditionally, financial market actors and monetary authorities have considered environmental matters as outside of the scope of monetary policymakers. This stance may change now that central banks are beginning to recognize that climate change could present real threats to price stability.
Investors want climate change information
14 Sep 2021
Media Release - More than four in every five (81%) retail investors think climate related information is important to their investment decision making, with half saying companies have a responsibility to address climate change.
Harmonizing green incentives
10 Sep 2021
Thomas Pogge is an academic philosopher with a practical bent. His idea of a health impact fund was a practical solution to incentivise the development of drugs that would benefit those in poor countries. Now he's proposing a scheme tackle the problems of banks investing in fossil fuels in the developing world.
Five things to know about carbon pricing
3 Sep 2021
The IMF's principal environmental fiscal policy expert, Ian Parry, outlines five things you should know about carbon pricing.
A faster, fairer way to retire carbon-emitting assets
2 Sep 2021
New financial instruments are being designed and brought into the fight against climate change. One such potential instrument is the 'carbon retirement portfolio' (CRP).
Global carbon tax could turbocharge ‘green shorting’
26 Aug 2021
Australia's largest ethical super fund says the opportunity for investors to profit from ‘green shorting’ will grow as global leaders take greater action on climate change, which could act as a catalyst for sliding sharemarket valuations for fossil fuel producers.
Central banks failing on climate action
25 Aug 2021
Released in advance of the Federal Reserve’s annual Jackson Hole meeting, a study assessing twelve of the world’s largest central banks against ten climate-related policy criteria has found all failing to align their lending, asset purchases and regulatory activities with the Paris Agreement target.
KiwiSaver funds slowly divesting from fossil fuels
24 Aug 2021
KiwiSaver funds’ investments in fossil fuel companies fell by $331 million in the six months to March, according to data released by ethical investment charity Mindful Money.
Insurance industry seeks to limit fossil fuel exposure
23 Aug 2021
With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure to the fossil fuel sector.
Climate Change investors group throws weight behind mandatory reporting
19 Aug 2021
The Investor Group on Climate Change – which includes Australian and New Zealand funds with more than $3.2 trillion under management – says the number of investors making climate-related disclosures remains too low and mandatory reporting is required.
Rise of the 'carbon capitalist'
18 Aug 2021
Matthew Roling, an adjunct professor of finance at Wayne State University, argues that carbon markets will become 'the largest commodity markets in history.'
NZ's only climate venture fund makes first investment ...in Australia
5 Aug 2021
Media Release - Climate Venture Capital Fund, New Zealand’s only dedicated climate-change venture capital fund, has made its first investment.
Climate change business conference announced
4 Aug 2021
Media Release - The Sustainable Business Council (SBC) and the Climate Leaders Coalition (CLC) have joined forces with the Environmental Defence Society (EDS) to take the 2021 Climate Change and Business Conference - Now to Net Zero, to a new level.
The rise of greenflation
3 Aug 2021
The world faces a growing paradox in the campaign to contain climate change. The harder it pushes the transition to a greener economy, the more expensive the campaign becomes, and the less likely it is to achieve the aim of limiting the worst effects of global warming.
New centre for sustainable finance launched
29 Jul 2021
Media Release - Toitû Tahua, the Centre for Sustainable Finance, was launched today to implement the Sustainable Finance Forum’s 2030 roadmap for a sustainable financial system.
China avoids coal projects in Belt and Road for first time
28 Jul 2021
China didn't finance any coal projects via its Belt and Road Initiative in the first half, the first time that's happened since the plan was launched in 2013, the International Institute of Green Finance said in a report.
First ecosystem with its own insurance policy
22 Jul 2021
A 100-mile stretch of coral reef in Mexico is now insured just like any other valuable asset. Is this the future of conservation?
Contact converts NZD$305m to Sustainability Linked Loans
13 Jul 2021
Media Release - Contact Energy (Contact) now has New Zealand’s largest group of Sustainability Linked Loans (SLLs) after converting its remaining NZD$305m of bank facilities to SLLs.
Big insurance companies launch net-zero climate alliance
12 Jul 2021
Eight of the world's leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy.
Emissions should be treated like financial debt: researchers
9 Jul 2021
Researchers have proposed a scheme that treats carbon emissions like financial debt.
EU to funnel hundreds of billions to sustainable finance
7 Jul 2021
The European Union says it will harness banks and markets to funnel hundreds of billions of euros annually into sustainable investments and create the first “climate-neutral continent” by 2050.
IGCC appoints new CEO
2 Jul 2021
Media Release - The Investor Group on Climate Change (IGCC) board has today announced the appointment of Rebecca Mikula-Wright as Chief Executive Officer of the organisation.
Winners at the Mindful Money Ethical and Impact Investment awards
1 Jul 2021
Media Release - The inaugural Ethical and Impact Investment awards were held on 29 June at Generator in Wynyard Quarter in an event with over 200 participants.
Climate risk critical to investment decisions: Orr
30 Jun 2021
Reserve Bank Governor Adrian Orr urged attendees at yesterday’s Mindful Money Awards to incorporate climate risk into how they invest and allocate capital.
90% of institutional investors taking climate change into account
30 Jun 2021
Ninety percent of institutional investors say climate change is the most significant ESG (environmental, social, governance) factor influencing their decisions to invest in a company.
France introduces corporate climate disclosures
23 Jun 2021
France is striving to confirm its position as a global leader in corporate climate disclosures with a new set of binding targets that require investors to declare how green their assets.
India, South Africa could pilot $2bn coal transition scheme
22 Jun 2021
A climate fund is looking for two or three coal-dependent emerging economies to pilot a scheme to accelerate a shift to cleaner industries by mobilising private finance.
Investors holding $41 trillion demand action on climate — now
11 Jun 2021
Investors managing more than $41 trillion in assets are loudly calling on world leaders to immediately step up their climate game if they don't want to miss out on a wave of clean energy investment.
CEOs urge world leaders to take bolder climate action
11 Jun 2021
More than 70 CEOs from some of the world's biggest companies have urged governments to do much more to tackle climate change, including forcing businesses to reduce their carbon emissions.
Media round-up
Fri 14 Nov 2025
In our round-up of climate coverage in local media: Simon Watts acknowledges he may face ‘challenging’ conversations with Pacific nations at COP30, New Zealand's climbdown on its methane emissions target is "embarrassing", and corporates are the real winners of the gutting of the Zero Carbon Act this week.
Kaicycle celebrates ten years of collective climate action in Pōneke
Fri 14 Nov 2025
Media release: Kaicycle | Since 2015, Kaicycle has grown from a humble pilot project growing kai and collecting compost on bicycles into the thriving urban farm and composting hub that Wellingtonians know and love.
NZ’s government wants tourism to drive economic growth – but how will it deal with aviation emissions?
22 Oct 2025
By Robert McLachlan, Te Kunenga ki Pūrehuroa – Massey University | Following a brief dip during the COVID pandemic, aviation is back in a growth phase.
Air NZ inks deal for its first internationally verified carbon credits
9 Oct 2025
By Liz Kivi | Air New Zealand has committed to buying 8000 tonnes of carbon removals by 2030, in partnership with local native forest investment platform My Native Forest.
NZ’s shameful new role as ‘international climate pariah’
Thu 13 Nov 2025
OPINION: New Zealand has ratcheted up its climate backsliding in the past month – losing any shred of climate credibility we once had and showing the world we’re giving up on a net zero future, writes Kayla Kingdon-Bebb.
Govt launches strategy backing wood-based heat sector
23 Oct 2025
By Pattrick Smellie | Forestry biomass could replace as much as 40% of fossil fuel-generated process heat by 2050, but access to supply, regulatory settings and business cases for converting to wood-based heat sources are required, the Government says in a series of documents released yesterday.
ETS price spike fears drove NDC decoupling
Thu 13 Nov 2025
By Pattrick Smellie | Fears about the economic and fiscal costs of failure to buy enough offshore carbon credits to meet New Zealand’s Nationally Determined Contribution drove last week’s key climate change policy decision.
Australia's green energy push, Pacific ties face setback from COP31 impasse
Fri 14 Nov 2025
Australia risks undermining efforts to establish itself as a leader in the green energy transition and letting down its vulnerable Pacific island neighbours if its bid to host next year's biggest climate summit fails, diplomats and analysts say.
Carbon price’s dead cat bounce
Wed 12 Nov 2025
By Liz Kivi | The carbon price rebounded briefly in what looked like a ‘dead cat bounce’ last week, following the Government’s announcement it was unlinking the Emissions Trading Scheme from international climate targets.
Act-NZ First split over future of the energy sector
Fri 14 Nov 2025
Act leader David Seymour has set out an energy policy platform that diverges sharply from coalition partner NZ First, arguing New Zealand must accept coal-fired backup generation, consider nuclear power, remove political interference from the electricity sector and sell down the government’s majority stakes in the gentailers.
'Little to be hopeful about' – NZ scientists caution ahead of COP30
31 Oct 2025
By Shannon Morris-Williams | Record heat, worsening climate impacts and global backsliding on emission reduction commitments have left some New Zealand climate experts with little optimism as COP30 approaches.
$235 billion worth of NZ buildings exposed to flooding
30 Oct 2025
More than 750,000 New Zealanders live in locations exposed to one-in-100-year floods, according to a nationwide study which shows escalating flood risk.
COP30: Brazil tries to find a home for tricky issues
Fri 14 Nov 2025
Brazil is trying to craft a compromise package on several contentious issues and has dismissed the idea of a roadmap away from fossil fuels.
NZ backs international government push for high-integrity carbon markets
Thu 13 Nov 2025
By Shannon Morris-Williams | New Zealand has joined a coalition of governments aiming to strengthen corporate demand for voluntary carbon credits.
Clean energy could become a huge political winner
Wed 12 Nov 2025
Rising power bills quietly shaped this year’s races – and gave Democrats a new attack line on climate.
DOC trims costs and winds down jobs for nature
Mon 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.
Coastal roads in the climate spotlight
Fri 14 Nov 2025
By Sue Teodoro, Local Democracy Reporter | Vulnerable coastal roads across New Zealand, including in Masterton district, are coming under the spotlight as the Government works on a plan to address the cost of climate-related damage.
NZ marine heatwaves could double in intensity under high-emissions pathway
16 Oct 2025
By Shannon Morris-Williams | New projections show marine heatwaves will grow more intense around the North Island and more frequent around the South Island as the climate warms – raising risks for fisheries, aquaculture, coastal ecosystems and tourism.
Does NZ's 2035 NDC meet Paris Agreement obligations?
7 Nov 2025
By Christina Hood | COMMENT: New Zealand’s 2035 Paris Agreement Target needs strengthening, with multiple reasons the 51 to 55% emissions reduction target does not meet our obligations under the accord.
Govt gas expansion 'climate vandalism' – Greens
7 Nov 2025
By Shannon Morris-Williams | The Green Party has labelled the Government’s move to broaden the scope of its $200 million fossil gas investment fund as vandalism, accusing Prime Minister Christopher Luxon of breaking trust with New Zealanders.
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.”
Building resilient cities in a time of climate change
Thu 13 Nov 2025
Media release: Otago University | Local and international experts are meeting in Wellington this month to share their knowledge on creating healthier, more resilient cities in the face of the challenges posed by climate change.
TotalEnergies loses in Paris court, marking a turning point for fossil fuel truth-in-advertising
5 Nov 2025
TotalEnergies was found to have misled consumers about its role in the energy transition.
Lake Onslow battery project set for revival?
29 Oct 2025
A newly formed private consortium has emerged with plans to finance and build the massive Lake Onslow pumped-hydro project, despite the coalition government’s decision to abandon the scheme.
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
31 Oct 2025
In our round-up of climate coverage in local media: A controversial seabed mining project could lead to sediment flows knocking over rigs and damaging wind turbines; weather-related insurance claims climb; and is the government playing Russian Roulette with our future over methane targets?
Why I’m not outraged at the Govt’s latest climate backsliding
7 Nov 2025
COMMENT: The Government’s latest climate rollbacks underline New Zealand’s long history of a lack of genuine desire to cut emissions, writes Geoff Bertram.
Z Energy settles greenwashing case over ‘quitting petrol’ claims
4 Nov 2025
By Shannon Morris-Williams | Z Energy has settled a landmark greenwashing case over claims it misled the public about moving away from petrol – a result Lawyers for Climate Action NZ says delivers long-overdue accountability.
Nelson commuters urged to ditch car once a week
22 Oct 2025
By Max Frethey, Local Democracy Reporter | Nelson has a bold carbon emission reduction target and residents are being encouraged to leave the car at home one day a week to help meet it.
Supermarket fast-track a ‘cynical ploy’, risks climate and environmental protections
5 Nov 2025
By Shannon Morris-Williams | The Government’s “express lane for supermarkets” announcement has been met with fierce backlash, with critics calling the Fast-track Approvals Amendment Bill a Trojan horse that strips environmental protections, sidelines communities, and hands sweeping powers to ministers at the expense of democracy.
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.
Climate impacts hit NZ with increasing wild weather
23 Oct 2025
By Liz Kivi | New Zealand is facing a triple whammy of climate impacts today, with severe winds and rainfall predicted for much of the country while some areas are still dealing with wildfires ignited earlier in the week.
Carbon Finance Program upscales efforts to close climate investment gap in climate vulnerable nations
22 Oct 2025
Media release | The Climate Vulnerable Forum and its V20 Finance Ministers (CVF-V20) will work with the Voluntary Carbon Markets Integrity Initiative (VCMI) to upscale the Carbon Finance Program in reach and impact, supporting more climate-vulnerable countries to host high-integrity carbon projects that yield tangible climate, nature, and sustainable development benefits.
Lobby group launches ‘blueprint’ for ocean management reform
18 Sep 2025
The Environmental Defence Society yesterday released its plan to tackle widespread ecological decline in our oceans.
Protesters and UN security clash at climate summit in Brazil
Thu 13 Nov 2025
Activist groups and United Nations security clashed in chaotic scenes late Tuesday after protesters appeared to force their way into the COP30 climate conference venue, in the most serious act of unrest seen in years inside one of the annual gatherings.
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.
Scotland's first wind farm 'supercharged' after upgrade
Tue 11 Nov 2025
Scotland's first commercial wind farm will be able to deliver five times more clean power than before after being upgraded.
New national dataset to unlock blue carbon potential in NZ’s coastal wetlands
Wed 12 Nov 2025
By Shannon Morris-Williams | The Ministry for the Environment and the Nature Conservancy have collaborated on a dataset to inform a framework to potentially include coastal wetlands into compliance and voluntary carbon credit schemes.
Solar households to get little-noticed tax break
23 Sep 2025
A provision in the government’s latest tax bill would exempt households from paying tax on income they earn by selling excess electricity back to the grid.
AgriZero backs first nitrous oxide solution with $1.2m investment
6 Nov 2025
By Shannon Morris-Williams | A Kiwi ag-tech start-up developing a device for cows to wear to drastically cut nitrous oxide emissions has secured $1.2 million in government-industry funding.
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.
EV and hybrid sales soar in Australia as internal combustion cars fall below 70% market share for first time
Thu 13 Nov 2025
Data from peak motoring body shows battery-electric vehicles accounted for 9.7% of new cars sold in September quarter, the highest proportion on record.
EU’s new climate target lines up multibillion dollar boost for carbon markets
Mon 10 Nov 2025
Analysts estimate the EU will buy at least 50 billion euros worth of carbon credits in the 2030s to help meet its emissions-cutting goals.
Fix it, don't ditch it: University of Auckland hosts first Repair Cafe
9 Oct 2025
Media release - Auckland University | The University's first-ever Repair Cafe is bringing students and staff together to give broken items a new lease on life, while promoting a culture of repair and reuse.
Council buys dairy farm to help clean up Lake Rotorua
21 Oct 2025
Bay of Plenty Regional Council has bought a 266-hectare dairy farm in the Lake Rotorua catchment and plans to retire it from production to reduce nitrogen entering the lake.
Adaptation plan at odds with public sentiment: survey
21 Oct 2025
By Liz Kivi | The Government’s position on climate adaptation buyouts shows a disconnect with public opinion, according to survey findings from insurer Suncorp NZ.
We have more renewable energy than ever before. Why are we switching it off?
Tue 11 Nov 2025
Experts say until more storage is installed to soak up the waves of renewable energy flooding the grid, much of that power will occasionally have to be curtailed.
