Topics tagged with 'Green finance'
Ditch GDP and value nature, says report
3 Feb 2021
Biodiversity is declining faster than at any time in human history, says a report calling for a new economic framework recognising the importance of ecology.
BlackRock threatens to sell shares in worst climate polluters
27 Jan 2021
BlackRock, the world’s biggest investment fund manager, has threatened to sell shares in the worst corporate polluters in a bid to support the goal of net-zero carbon dioxide emissions by 2050.
FTSE giants fail to disclose their carbon footprint
14 Dec 2020
BP, Glencore and Rolls-Royce are among eight FTSE 100 companies who have refused to comply with investor demands to disclose their carbon dioxide emissions, as the UK government prepares to compel firms to report their climate impact.
UN chief calls for more climate finance for poor nations as 2020 goal slips
14 Dec 2020
Rich nations are "lagging badly" on a longstanding pledge to channel $100 billion a year in funding, from 2020 onwards, to help poorer countries develop cleanly and adapt to the worsening impacts of climate change, the U.N. chief said on Saturday.
Bank links bosses' pay to sustainability performance
8 Dec 2020
Deutsche Bank says it will join a small number of financial institutions that link management pay to environmental, social and governance-related criteria.
WORTH NOTING ...
4 Dec 2020
The Christchurch office of the Accident Compensation Corporation is the target of 350 Aotearoa’s fossil fuel-divestment campaign today.
Carbon-zero public sector could include State investments
3 Dec 2020
The Government will decide in March whether a carbon-neutral public service will include the State’s investment portfolios.
Carbon-pricing rises as world's weapon of choice in climate fight
25 Nov 2020
Can you put a price on pollution? Some of the world's biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.
XR launches campaign of financial disobedience
24 Nov 2020
Extinction Rebellion is launching a campaign of financial civil disobedience aimed at exposing the “political economy’s complicity” in the unfolding ecological crisis.
Green guide to investment
23 Nov 2020
The European Commission has launched “the world’s first ever ‘green-list’” of sustainable economic activities for private investors by publishing draft guidelines under the EU’s green finance taxonomy.
Billionaire investor forcing climate action from companies
23 Nov 2020
British billionaire Chris Hohn is aiming to force hundreds of US and European companies to slash their greenhouse gas emissions by enlisting global investors to demand an annual vote on their climate plans at shareholder meetings.
Gas denied ‘transition’ fuel status in draft EU green finance rules
17 Nov 2020
Power plants fuelled by natural gas will not be classed as “sustainable” or “transition” investments in Europe unless they meet emission limits which are so low that none are currently able to comply, draft rules show.
EIB seeks to become climate bank’
16 Nov 2020
European governments have approved a roadmap to turn the European Investment Bank into a “climate bank” with a €1 trillion green investment package to be spent by 2030.
Meridian looking good to carbon-averse Blackrock
12 Nov 2020
Blackrock has increased its stake in Meridian as part of its carbon-divestment strategy.
Carney calls for credible voluntary carbon market
12 Nov 2020
United Nations special envoy and former Bank of England Governor Mark Carney wants stronger quality control on voluntary carbon markets to meet growing business demand.
UK follows NZ on compulsory carbon disclosure
11 Nov 2020
Large companies and financial institutions in the UK will have to come clean about their exposure to climate risks within five years under the terms of a tougher regime announced.
Europe ready to restart transatlantic climate talks
10 Nov 2020
The European Commission and senior EU lawmakers say they are ready to intensify dialogue with the US on climate change, listing car CO2 limits and green finance among areas where “real transatlantic cooperation” is again possible after the four-year “Trump parenthesis”.
Aotearoa Circle chooses new finance leaders
5 Nov 2020
Former Reserve Bank director Bridget Coates and Chapman Tripp partner Ross Pennington are the new co-chairs of The Aotearoa Circle's Sustainable Finance Forum.
PLANET IN PERIL: Why we must change our financial system
4 Nov 2020
New Zealand can have a sustainable financial system by 2030, driving environmental, social and economic prosperity, a panel of public and private-sector heavyweights says.
Pension fund settles landmark climate lawsuit
3 Nov 2020
One of Australia's largest pension funds has agreed to settle a landmark climate risk litigation filed by a 25-year-old member who alleged it was failing to protect his retirement savings against climate change.
The cost to Australia of unchecked climate change
2 Nov 2020
Australia’s economy will be six per cent smaller, there will be 880,000 fewer jobs and $3.4 trillion in economic opportunities will be lost if the climate crisis goes unchecked for next 50 years, new analysis shows.
Bank to ban companies using coal
30 Oct 2020
The ANZ Bank says it will not take on any new customers using coal, and that by 2030 it will finance gas and renewable power generation only.
World Bank branch backs coal megaproject
23 Oct 2020
The World Bank’s private lending branch is indirectly backing one of the world’s biggest new coal complexes, despite a new green policy.
First deal done under Paris Agreement to offset emissions
22 Oct 2020
Switzerland has struck a carbon offsetting agreement with Peru, in what the two nations say is the first deal of its kind under Article 6 of the Paris agreement.
Australian business wants a Green New Deal
22 Oct 2020
Australian company directors want a more radical policy reset to recover from the covid-19 recession including bigger investments in infrastructure, reforms of industrial relations and a Green New Deal.
Mandatory climate disclosure coming to UK companies...
20 Oct 2020
Current rules on company disclosures to help markets price in risks from climate change will become mandatory, a senior Bank of England official said on Friday.
...and investors say they want it
20 Oct 2020
An influential group of investors is urging UK regulators to make climate risk reporting mandatory for nearly 500 FTSE-listed firms.
Delivering credit for carbon storage
19 Oct 2020
In 1915, Mike Gibbs’ ancestors made their way from the flat, agricultural plains of Southland to the wild, steep, forested edge of Eastern Fiordland.
Why Britain needs negative interest rates
19 Oct 2020
As Britain and the rest of Europe battle the second wave of the covid-19 pandemic, desperate eyes turn to central bank bosses, wondering what rescue plans they have up their sleeves.
Top asset owners commit to big carbon emissions cuts
14 Oct 2020
Thirty of the world’s largest asset owners, with portfolios worth a combined $US5 trillion, have committed to cutting the carbon emissions linked to companies they invest in by up to 29 per cent within the next four years.
Pope backs divestment from companies not protecting the environment
12 Oct 2020
POPE FRANCIS is urging people to pull investments from companies that are not committed to protecting the environment, adding his voice to calls for the economic model that emerges from the coronavirus pandemic to be a sustainable one.
Govt confirms mandatory climate-risk reporting regime
15 Sep 2020
New Zealand’s largest financial institutions and companies will be the first in the world to face mandatory disclosure of their climate risks.
Asian multilateral bank to end coal-related financing
15 Sep 2020
The Asian Infrastructure Investment Bank is promising to end all coal financing, but has yet to write this into policy.
France seeks German collaboration on hydrogen in EU green recovery
11 Sep 2020
France hopes to collaborate with Germany on clean hydrogen projects as part of Europe’s green recovery from the pandemic, the country’s finance minister has said ahead of a meeting with his German counterpart today.
ANZ cracking down on customers' carbon footprints
10 Sep 2020
A major New Zealand bank is asking its biggest-emitting customers to explain how they will reduce their carbon footprints.
Compulsory climate-risk reporting rules out soon, says minister
4 Sep 2020
The Government’s plans for mandatory disclosure of companies’ climate-change risk should be unveiled before the election.
Doubts over green bonds’ impact in Asia’s low-carbon transition
28 Aug 2020
A new study has uncovered scant disclosure by green bond issuers of their environmental impact, and a lack of social safeguards to protect communities from unintended consequences of financed projects.
Joint venture invests billions in 'natural capital'
27 Aug 2020
A push to better recognise the economic value of “natural capital” – water systems, biodiversity, soil and carbon stores – has prompted the creation of what aims to be the world’s largest investment firm dedicated to projects that help the planet.
Prospect of snap election reanimates Canada’s carbon tax battle
26 Aug 2020
Canada’s carbon tax is facing a renewed backlash amid talk of a green recovery to covid-19 and the prospect of a snap election in the autumn.
Major investment firm dumps Exxon, Chevron and Rio Tinto
25 Aug 2020
A Nordic hedge fund worth more than $US90 billion (£68.6 billion) has dumped its stocks in some of the world’s biggest oil companies and miners responsible for lobbying against climate action.
Climate fund for poor nations vows to drive green covid-recovery
25 Aug 2020
The Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $879 million in backing for 15 new projects around the world.
Experts investigating companies' climate claims
20 Aug 2020
Investors looking for evidence that companies really are addressing climate risk are hiring outside experts to find it.
Shining a spotlight on managed funds
11 Aug 2020
The ethics of all 390 managed funds operating in New Zealand are about to be opened up to public scrutiny.
RGGI cuts carbon and helps kids to breath
4 Aug 2020
With Virginia and Pennsylvania clamoring to join, the Regional Greenhouse Gas Initiative, affectionately known as RGGI (pronounced “Reggie”), is becoming the coolest climate club on the United States East Coast.
Big Hydro not the only way, says energy expert
27 Jul 2020
Paying industry not to use electricity during peak demand should be considered as an alternative to a multi-billion-dollar new hydro scheme, an energy expert says.
Big emitters marshall carbon forces in Australia
27 Jul 2020
Companies responsible for 14 per cent of Australia’s industrial emissions are coming together to figure out how to decarbonise the sector.
Kiwi protesters put pressure on Australian banks
24 Jul 2020
Australian banks operating in New Zealand are being urged to follow Kiwibank’s lead and stop lending on fossil-fuel projects.
Urban rewilding combats global biodiversity decline
Wed 28 May 2025
Media release | A new study led by the University of Sydney reveals how cities around the world are restoring wildlife to their former habitats in the face of ongoing urban sprawl.
US dairy farmers consider return on climate-smart milk
22 May 2025
The approach is just one of many dairy practices now considered “climate-smart” because they could cut production of climate-warming gases.
Greenwashing is rife in Australia, but could its days be numbered?
Wed 28 May 2025
COMMENT: Have you ever ticked the box to “fly carbon neutral”, had something delivered via “carbon-neutral shipping” or chosen to pay a bit extra to buy “carbon-neutral gas” from your energy retailer?
Help sustainable aviation fuels take off or delay targets, airlines warn EU
20 May 2025
Earmarked funding, risk-reduction tools, and simplified imports top Airlines for Europe’s wish list for the EU’s upcoming Sustainable Transport Investment Plan.
Govt's RMA overhaul sparks fears for nature and climate
Fri 30 May 2025
By Shannon Morris-Williams | The Government has opened public consultation on the biggest overhaul of environmental planning rules in New Zealand’s history, with critics warning it puts nature and climate at risk in favour of fast-tracked development and industry expansion.
Sustainability claims questioned as renewable diesel surges
14 May 2025
Critics are sceptical about industry claims of renewable diesel life-cycle greenhouse gas emission cuts and warn renewable diesel carbon releases will surge if sourcing is scaled up, triggering tropical deforestation as producers convert forests to energy crops, such as oil palm and soy.
Govt mulls status quo for ETS auction settings
Thu 29 May 2025
By Liz Kivi | The government has released its consultation on the Climate Change Commission’s latest advice on Emissions Trading Scheme auction settings and volumes, putting forward the option to ignore the commission’s advice to boost auction volumes from 2028-2030.
Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
Fri 30 May 2025
Pacific nations have backed China's claim over Taiwan during a high-profile meeting, but have shied away from directly endorsing Beijing's push to "reunify" the democratically ruled island with the mainland.
Carbon price too low to fund carbon capture
20 May 2025
The government’s climate target to 2030 is at risk, after revelations that a carbon capture project which the government was relying on to deliver one third of its carbon reductions, might not go ahead.
Fight over coal mine heats up
Fri 30 May 2025
Forest & Bird is calling on the government to create a new scientific reserve covering the Denniston Plateau on the West Coast, which would stop a fast-tracked coal mine.
Trump’s actions are already having consequences for climate, especially for the IPCC - expert
11 Apr 2025
Leading climate scientist, Dr Kevin Trenberth, left the US and came home to New Zealand because of the rise of Donald Trump. In this comment piece, he writes that he is appalled in multiple ways by the so-called “war on science” unfolding through staff cuts and the president’s policy edicts.
Owning a green home could cut mortgage payback time by two years
9 May 2025
A green certified home plus a green mortgage and associated energy bill savings could save Kiwi families up to $98,800 over the course of their mortgage - the equivalent of being mortgage-free several years early, according to new research.
Cuts to climate finance put exports in jeopardy: Lawyers
23 May 2025
By Liz Kivi | The government has halved international climate finance, a move aid organisations describe as “devastating,” and which lawyers say could put our Paris Agreement commitments and export market access at risk.
Watts talks big on energy reform, but barriers persist
Thu 29 May 2025
By Shannon Morris-Williams | Energy and Climate Change minister Simon Watts says the government is doubling down on efforts to boost renewable energy generation, streamline regulation, and drive private sector investment as New Zealand faces mounting energy security and affordability challenges.
Could ‘orange’ hydrogen be NZ’s key to net-zero?
Fri 30 May 2025
By Liz Kivi | New Zealand could be sitting on resources for a thriving multi-billion-dollar, low-carbon hydrogen economy, which might even be capable of creating a net reduction of carbon dioxide, according to scientists.
Govt budgets $200m for would-be gas investors
23 May 2025
By Liz Kivi | Energy Resources Aotearoa has welcomed the government's plan to co-invest $200 million in fossil gas expansion, while environmental and climate groups have reacted with horror.
Glacier collapse buries most of Swiss village
Fri 30 May 2025
The Swiss village of Blatten has been partially destroyed after a huge chunk of glacier crashed down into the valley.
Oceans Commission must have teeth – minister
14 May 2025
If an Oceans Commission were to be established under the government it would need genuine powers to make change, says Minister for Oceans and Fisheries Shane Jones.
Water crisis on the horizon?
26 May 2025
Media release | Sewage contaminating Auckland oyster farms highlights the “dire state” of water infrastructure in Aotearoa, says University of Auckland Associate Professor Daniel Hikuroa.
Why expensive gas – not net-zero – is keeping UK electricity prices so high
Wed 28 May 2025
The UK’s high electricity prices have become intensely political, with competing claims over the cause of rocketing bills and how best to get them down.
Hotter and deeper: how NZ’s plan to drill for ‘supercritical’ geothermal energy holds promise and risk
2 Apr 2025
By David Dempsey, University of Canterbury | New Zealand’s North Island features a number of geothermal systems, several of which are used to generate some 1,000 MegaWatts of electricity. But deeper down there may be even more potential.
Nelson backs ‘ambitious’ emissions target, but mayor nervous
26 May 2025
By Max Frethey, Local Democracy Reporter | Nelson’s mayor has been accused of “pouring cold water” on ambitious greenhouse gas emission targets proposed for the city.
Energy Australia is in court accused of greenwashing. What is the case about and why is it significant?
16 May 2025
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon credits don’t actually remove emissions.
Methanex closure comes early this year
14 May 2025
The almost-now-annual closure of Methanex has come earlier this year, giving more confidence that the electricity system will get through the winter without a fuel shortfall.
While govt ‘refreshes’ fund for low carbon trucks, are transport emissions set to accelerate?
Wed 28 May 2025
By Liz Kivi | The government has announced it is updating the Low Emissions Heavy Vehicle Fund, however cuts to funds to decarbonise transport in last week’s budget, and potential changes to road user charges, could stall transport emissions reductions.
Climate change could drive surge in foreclosures and lender losses, new study finds
22 May 2025
Extreme weather linked to climate change could spell financial ruin for many American homeowners and lead to billions in losses for lenders, a new study finds.
Will NZ walk away from the Paris Agreement?
20 Dec 2024
By Geoff Bertram | COMMENT: Unless the government can find very cheap offshore mitigation, the temptation to walk away from its Paris Agreement obligations may well be too strong to resist for a coalition government focused on fiscal austerity.
Energy Australia apologises to 400,000 customers and settles greenwashing legal action
22 May 2025
Energy retailer says carbon offsetting ‘not the most effective way’ to reduce emissions.
Electrification challenge for politicians, regulators
Tue 27 May 2025
Rewiring Aotearoa is calling for stronger political leadership to bring its vision of a cheaper, cleaner and stronger energy system to life, with the launch of its policy manifesto today.
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.
New research reveals NZ’s natural resource footprint
Thu 29 May 2025
Media release | New research from the office of the Parliamentary Commissioner for the Environment reveals that about 107 million tonnes of natural resources were required to produce the goods and services consumed by New Zealanders in 2019 – approximately 21 tonnes per person on average.
World’s nations to gather in France to tackle what UN says is a global emergency in the oceans
Fri 30 May 2025
The world’s nations are gathering in France next month to tackle what the United Nations calls a global emergency facing the world’s oceans as they confront rising temperatures, plastic pollution choking marine life, and relentless overexploitation of fish and other resources.
Europe’s next climate target may already have been agreed in Berlin
Wed 28 May 2025
Germany’s new coalition has adopted a climate stance shaped by talks with the EU’s top climate official, signalling where the bloc may land on a likely upcoming 2040 emissions target.
Warm water affecting Antarctica’s largest ice shelf - new research
22 Apr 2025
While Antarctica’s Ross Ice Shelf is currently stable, new research shows warm water is reaching up to 170 kilometres under the front of the ice shelf.
NZ's first chance in 20 years to catch up on waste
Fri 30 May 2025
Media release | The government has announced proposals for updating the Waste Minimisation Act and the Litter Act. For the first time in nearly 20 years, Kiwis have a chance to catch up with other countries to reduce our waste and litter.
Dismissals 'massive win' for climate movement
13 May 2025
The outstanding charges against 25 climate activists who disrupted traffic in Wellington have been dropped, a move the group calls a win for the climate movement.
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.
For the first time, China invests more in wind and solar than coal overseas
Thu 29 May 2025
China’s Belt and Road Initiative, long derided for its heavy carbon footprint, was dominated by wind and solar power projects for the first time from 2022 to 2023, according to a new analysis. But coal plants financed in earlier years are still coming online.
A fungus that can ‘eat you from the inside out’ could spread as the world heats up
Tue 27 May 2025
Infection-causing fungi responsible for millions of deaths a year will spread significantly to new regions as the planet heats up, new research predicts — and the world is not prepared.
Green budget 'ludicrous la-la land' – govt
15 May 2025
Prime Minister Christopher Luxon said the budget was "clown show economics" and an "absolute circus".
Kiwi cleantech companies on the world stage
Tue 27 May 2025
Six New Zealand 'cleantech' companies were in Singapore earlier this month, along with a venture capital firm and the MacDiarmid Institute, to meet investors and multinational partners.
United Nations carbon market rules agreed but concerns remain
25 Nov 2024
New carbon market rules agreed at the fractious UN climate summit will be a relief to New Zealand and Singapore, who were leading the negotiations, but concerns about greenwashing and disadvantaging nature-based solutions remain.
More than 1 in 4 cars sold globally in 2025 expected to be EV: IEA report
26 May 2025
According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties.
Brazil seeks early deals on two stalled issues at Bonn climate talks
26 May 2025
Moving forward work on just transition and implementing recommendations from the Global Stocktake of climate progress are key priorities for upcoming UN negotiations.
Global sea levels rise spelling catastrophe for coastal towns and cities
14 May 2025
For around 2,000 years, global sea levels varied little. That changed in the 20th century. They started rising and have not stopped since — and the pace is accelerating.
Tropical forest loss hit new heights in 2024; fire a major driver in Latin America
23 May 2025
Tropical forest loss skyrocketed in 2024, with vast swaths of primary forest consumed by fire, according to new satellite data.
NZ moving too slowly to decarbonise – former commission chair
22 May 2025
By Liz Kivi | New Zealand's energy transition is too slow and too controlled by vested interests, according to former Climate Change Commission chair Rod Carr.
