Topics tagged with 'Green finance'
Greenflation is real: opinion
3 Feb 2022
Like the cicadas that plague the Atlantic seaboard of the United States every 17 years, inflation has awoken from its most recent hibernation. The hike from about 2 percent in a typical year in the United States to 5.3 percent in the third quarter of this year marked roughly a decade since the last time economists took to op-ed pages and talking head circuits to warn of an uncontrollable rise in prices.
Corporations using misleading climate pledges to greenwash their image
3 Feb 2022
Media Release - Major global companies are avoiding meaningful climate action and are instead using false, misleading or ambiguous green claims, a new report shows.
Investors urge government to support a global climate disclosure regime
27 Jan 2022
The Investor Group on Climate Change says the government should support the creation of a global reporting regime for climate risk disclosures.
Economist proposes carbon backed currency
27 Jan 2022
With alternative coins flourishing and Central Banks designing their own digital currencies, there is a potential hard-backed currency which cannot be ignored: carbon. Using carbon to back a global currency would redistribute wealth, incentivize low carbon technology and avoid the environmental taxes which hit the world’s poor the hardest, writes Australian economist Steve Keen.
Why big central banks are becoming climate warriors
17 Dec 2021
The world’s largest central banks have been joining the fight against climate change, figuring that they can’t ignore the mounting risks of doing nothing. Melting glaciers may be a huge leap from monetary policy, but policy makers say they must respond to threats that have the potential to disrupt the global economy.
World's largest asset managers fail to back climate-action resolutions
16 Dec 2021
Many of the world's biggest money managers have pledged to make their investment portfolios reach net-zero greenhouse-gas emissions by the mid-century. But they still aren't using their shareholder voting power to place more pressure on the companies whose stock they own to take action on climate change.
Green finance groups slam HSBC's carbon exit plan
15 Dec 2021
British banking giant HSBC has published a plan to stop financing thermal coal activities but it is being criticised by environmentalists for not going far enough.
Germany approves billions for climate, modernisation fund
14 Dec 2021
The German government on Monday approved 60 billion euros (NZ$114 billion) in funding to be used for combating climate change and modernizing the country, a move that the new finance minister described as a “booster” for Europe's biggest economy.
The politics of climate change and ESG are about to get ugly
14 Dec 2021
2022 will bring another election in the United States, a blessing bestowed upon Americans every 24 months. We’ll hear about the economy, jobs, immigration, wages, vaccines, health care, housing, guns, abortions and — wait for it — climate change and ESG.
Boost for Tuvalu's economic, social and climate resilience
10 Dec 2021
Tuvalu will receive a significant boost with the World Bank’s Board of Executive Directors approving a US$17.5 million commitment to support its ongoing climate adaptation efforts.
Government incentives for green bonds may be necessary: Reserve Bank
3 Dec 2021
The Reserve Bank has suggested incentives such as tax breaks may be necessary to grow New Zealand’s green bond market at the pace required to combat climate change.
$22-trillion time bomb’ ahead unless banks drop high-carbon investments: Moody’s
30 Nov 2021
Financial institutions are facing a US$22-trillion time bomb due to their investments in carbon-intensive industries, Bloomberg News reports, citing a study last week by Moody’s Investment Services.
Asset owners have little impact in reducing carbon footprints of companies: report
30 Nov 2021
The world’s largest stewards of capital are struggling to move the needle on companies’ carbon footprints and emissions reduction efforts, according to research conducted by EDHEC-Risk Institute.
Housing group takes out top prize at Sustainable Business Awards
26 Nov 2021
Community Finance – a collaboration between philanthropic foundations, financial institutions, community housing provides and the Ministry for Housing – received the supreme award at the Sustainable Business Awards last night.
How a new global carbon market could exaggerate climate progress
25 Nov 2021
Nations are poised to begin building an international carbon market, after finally adopting the relevant rules at the UN climate conference in Glasgow earlier this month.
What's next for the Fed on climate change
24 Nov 2021
The Federal Reserve is poised to increase its climate focus even as President Biden's nomination of Chairman Jerome Powell to a second term disappointed advocates of policies to tilt the economy away from fossil fuels.
ECB warns most EU banks have no 'Paris' climate plan
24 Nov 2021
The European Central Bank (ECB) has warned that most commercial banks it supervises do not have concrete plans to start preparing for climate change.
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.
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.
