Topics tagged with 'Green finance'
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.
Reserve Bank to commit puutea to climate change
3 Jun 2021
The Reserve Bank will use part of its $85 billion balance sheet to help deal with the challenges of climate change, the bank’s head of financial markets Vanessa Rayner said in a speech released yesterday.
G7 nations committing billions more to fossil fuel than green energy
3 Jun 2021
The nations that make up the G7 have pumped billions of dollars more into fossil fuels than they have into clean energy since the Covid-19 pandemic, despite their promises of a green recovery.
Lawyers for Climate Action call on Govt to walk the talk
1 Jun 2021
Lawyers for Climate Action have told the Government that exempting government agencies from financial disclosure requirements would be a fundamental failure by government to lead by example.
Big oil faces its reckoning: Fortune
28 May 2021
Fortune Magazine declared yesterday a good day for the planet. "Three of the largest oil and gas companies were forced to make radical changes to curb their carbon emissions as the climate emergency pushed shareholders and a Dutch court to turn their backs on Big Oil."
Fossil fuel divestment is the road to climate justice
25 May 2021
Professor Susie O'Brien argues that oil is the lifeblood of our culture and climate crisis, and divestment is the way to achieve climate justice, in this opinion piece for The Conversation.
Investors jump into the climate risk space
21 May 2021
Big name investors are putting new capital behind "climate intelligence" — the sophisticated analytics that companies and governments will need to uncover and reduce risk in a warming world.
Best by the rest...
14 May 2021
Our weekly roundup of notable climate change stories featured in local media incudes: a compelling case for meatless meat, a survey showing times up for gas guzzlers, and the tipping point looming for business.
Niwa beefing up its climate research capability
4 May 2021
NIWA is on a global hunt for eight new data scientists to join its growing team of AI experts working on climate change related research.
10 YEARS AGO...
3 May 2021
Ten years ago, we were reporting that banks were starting to lend on carbon as forestry companies secured contracts as far forward as 2020.
Ardern touts NZ's climate action at summit
23 Apr 2021
Prime Minister Jacinda Ardern used her appearance at President Joe Biden’s virtual Leaders’ Summit on Climate Change to extol the virtues of New Zealand’s response to the climate crises.
350 Aotearoa welcomes govt's stance
20 Apr 2021
MEDIA RELEASE - Climate justice organisation 350 Aotearoa is celebrating the direction from the government for the Accident Compensation Corporation (ACC) to accelerate its moves to divest from investments in fossil fuels.
New climate indices launched
14 Apr 2021
MEDIA RELEASE - Scientific Beta launches unique series of pure climate indices that translates companies' climate performance and alignment engagement into portfolio decisions
France's e-bikes for clunkers scheme
13 Apr 2021
France is offering the owners of old, exhaust-belching cars the opportunity to hand over their vehicles for scrap in return for a 2,500 euro grant to buy an electric bicycle.
Farage...from Ukip leader to green finance spokesman
29 Mar 2021
He has criticised Greta Thunberg for “alarmism” and wind power as “economic insanity”.
Oil pipeline tests the climate commitment of international banks
24 Mar 2021
Plans by Total to exploit and export Ugandan oil through a 1443 kilometre pipeline traversing east Africa to the Tanzanian coast are hanging in the balance as investors are under growing pressure to move away from fossil fuels.
Nature left alone offers more than if we exploit it
24 Mar 2021
Save nature, save money. It’s a simple argument. Wilderness cleared and ploughed offers us less than nature left alone.
Why Wall St says it's going green
17 Mar 2021
America's finance industry has backed polluters for decades. Now, amid growing pressure, Wall Street says it is going green.
Japanese bank bids for Green Climate Fund partnership
16 Mar 2021
This week’s Green Climate Fund board meeting is set for a showdown over whether to partner with a coal-backing Japanese bank.
HSBC latest bank to tackle coal financing
15 Mar 2021
HSBC says it plans to ramp up its climate change policies and stop financing coal projects by 2040, as long as shareholders back the move.
'I didn't want Bank of England job' - Carney
15 Mar 2021
Mark Carney earned a fortune at Goldman Sachs, but now the banker wants the financial sector to reassess its values and tackle the climate emergency
Green Climate Fund a 'toxic' environment, insiders say
15 Mar 2021
As John Kerry promises to “make good” on a $2 billion pledge to the Green Climate Fund, the UN’s flagship fund faces critically low confidence in its senior management
Paying for ecosystem services to save the planet
12 Mar 2021
The idea that ecosystems have monetary value now has global support — and creates a route to protecting Earth’s endangered regions.
Hall of shame: Missing the green recovery
11 Mar 2021
The world’s governments are failing to “build back better” from the covid-19 economic slump, the UN Environment Programme warns in a new report.
Central bank turns eye to carbon in investments
4 Mar 2021
The Reserve Bank is reviewing the carbon footprint of its sovereign investments.
Bank of England gets green remit
4 Mar 2021
The Bank of England’s remit has been changed to include a duty to support the country's net-zero carbon ambition.
Banks should publish green yardstick, says authority
2 Mar 2021
European banks should publish a “green-asset ratio” as a core measure of their climate-friendly business activities, says the European Union's banking watchdog.
IMF and World Bank will push G20 over climate
1 Mar 2021
The leaders of the International Monetary Fund and the World Bank are vowing to step up efforts to combat climate change by looking more closely at climate-related financial stability risk and using other tools at their disposal.
FMA urges sharper focus on climate risk disclosures
Tue 26 May 2026
By Shannon Morris-Williams | New Zealand companies are making steady progress in climate-related financial disclosures, but the Financial Markets Authority says many organisations still need to provide clearer and more robust reporting on physical climate risks and their potential business impacts.
Climate Leaders Coalition on PM meetings: 'it wasn’t us'
Mon 25 May 2026
By Pattrick Smellie | The 81-member Climate Leaders Coalition is distancing itself from the actions of members who lobbied the Prime Minister’s Office to intervene and stop a landmark climate change court case.
$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.
Europe has 'maybe six weeks of jet fuel left', energy boss warns
20 Apr 2026
Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.
Govt ramps up war on wilding pines with $79m boost
Mon 25 May 2026
By Shannon Morris-Williams | The Government is ramping up efforts to contain the spread of wilding pines with a $79 million funding boost aimed at protecting farmland, biodiversity hotspots, tourism landscapes and water catchments across New Zealand.
Thumbs up for Govt help for businesses transitioning from gas
Tue 26 May 2026
By Liz Kivi | Businesses and climate advocates alike have welcomed the Government’s pre-budget announcement that it will help secure cheap lending for businesses transitioning from gas, as New Zealand’s domestic supply dwindles.
Govt unveils long-awaited voluntary carbon market guidance
15 May 2026
By Shannon Morris-Williams | The Government has released long-awaited guidance for New Zealand’s voluntary carbon and nature markets, as questions continue for the sector despite ministers signalling support for its growth.
Trump officials, billionaires and the quiet reshaping of America’s public lands
Tue 26 May 2026
A controversial land swap orchestrated by the megarich could be “a harbinger of what’s to come” for public lands under Trump.
Carbon News updates forward curve
13 May 2026
Carbon News has updated its ten-year NZU forward curve, following a recent rise in spot market prices, with NZUs rallying from about $34 in January to nearly $54 in early May.
New coal plants hit ‘10-year’ global high in 2025 – but power output still fell
Fri 22 May 2026
The number of new coal-fired power plants built around the world hit a “10-year high” in 2025, even as the global coal fleet generated less electricity, amid a “widening disconnect” in the sector.
Mike Smith’s asymmetric victory
Mon 25 May 2026
By Pattrick Smellie | COMMENT: The New Zealand Government’s recent move, undercutting citizens’ rights and the rule of law to cancel the country’s most important climate case is a massive win for Mike Smith, the climate change activist who brought it.
Green building council calls for clean energy policies
18 May 2026
The New Zealand Green Building Council has released its 2026 election manifesto calling for policies to reduce energy waste in buildings, lower household and business energy costs, and improve New Zealand’s energy security.
What Magyar’s defeat of Orbán in Hungary means for climate and energy
21 Apr 2026
Hungary has played a disproportionate role in EU climate and energy policy in recent years, by repeatedly vetoing climate action and by delaying the phaseout of Russian fossil-fuel imports.
Conservation land open for voluntary carbon market schemes
12 May 2026
By Pattrick Smellie | The government is to open up the Crown-owned conservation estate to private investment in voluntary carbon market projects.
Marae solar project boosts sustainability and mana motuhake
Mon 25 May 2026
By Moana Ellis, Local Democracy Reporter | Five marae from Whanganui to Taumarunui are running on solar power and many more could join a major green energy initiative aimed at cutting electricity costs and strengthening community resilience.
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.
How do hurricanes and typhoons form and is climate change making them stronger?
Mon 25 May 2026
Rising temperatures mean that hurricanes, typhoons and cyclones have the potential to bring stronger winds and heavier rain – and scientists warn it only takes one strong storm to bring major impacts.
EDS urges MPs to scrap the Fisheries Amendment Bill
5 May 2026
Media release | The Environmental Defence Society today lodged a substantive submission on the Fisheries Amendment Bill.
Biomass sector asks: where did the love go?
18 May 2026
By Pattrick Smellie | New Zealand has sufficient biomass in its plantation forests to replace natural gas for industrial process heat at lower costs than electrification, but is failing to get the attention it deserves, sector leaders say.
Govt’s LNG plan puts trade deals at risk, lawyers warn
Tue 26 May 2026
By Liz Kivi | Lawyers for Climate Action are warning that the government’s plans for an LNG import terminal and to subsidise gas fields are in breach of New Zealand’s free trade agreements with the UK and the EU.
Hipkins pans LNG plan as ‘massive step backwards’
19 May 2026
By Liz Kivi | Labour leader Chris Hipkins has told a Queenstown audience that a Government he leads would not proceed with a planned LNG import terminal, if elected at November’s election.
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.”
NZ Govt’s move to halt climate litigation under international scrutiny
19 May 2026
By Liz Kivi | Local and international NGOs have signed an open letter calling on the Government to reconsider its decision to shield major emitters from legal liability for climate-related harm.
Why ‘greenhushing’ signals deeper issues with NZ’s climate risk reporting regime
15 May 2026
By Hang Pham, Te Herenga Waka — Victoria University of Wellington | Most of us are familiar with the concept of greenwashing: organisations exaggerating or overstating their environmental credentials. But in New Zealand, there are signs the country’s climate disclosure regime may inadvertently be driving a very different trend: not saying much at all.
‘Formidable’ El Niño expected this winter
29 Apr 2026
By Liz Kivi | Meteorologists are anticipating a significant El Niño influence on weather patterns across the country from winter onwards, with predicted lower rainfall for some areas and heavier rain for others likely to impact multiple sectors of the economy as well as the carbon market.
Victorian Hydrogen announces Southland urea fertiliser project using coal
22 Apr 2026
By Liz Kivi | Australian-based Victorian Hydrogen has announced it is developing a new 1.5 million-tonne-a-year urea fertiliser operation in Southland, which it will apply for under fast-track legislation.
Media round-up
24 Apr 2026
In our round-up of climate coverage in local media: What is the real cost of storm-hit infrastructure? Urgency is needed over climate adaptation funding; and a community conservation group has won a legal victory against multinational mining company OceanaGold.
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.
Climate resolution conundrum for NZ
Tue 26 May 2026
By Vernon Rive | COMMENT: While the United Nations resolution endorsing a landmark climate ruling is significant – politically, diplomatically and legally – its impact on international climate negotiations and domestic action is likely to be indirect and incremental.
GIDI-style help cheaper than LNG: MBIE
11 May 2026
By Pattrick Smellie | Officials advised ministers last July that the lowest-cost way to free up gas for use during dry winters was to assist industrial gas users to switch to electricity.
Govt missing tricks to save fuel in crisis
30 Apr 2026
By Shannon Morris-Williams | The Government is being urged to shift its response to the fuel crisis away from short-term relief and towards measures that reduce demand, with public health experts warning it is missing an opportunity to boost energy security and lower household costs.
Climate risks could reshape business finances, new guidance warns
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.
Move to block lawsuits could strengthen climate case against Govt
14 May 2026
By Liz Kivi | The Government’s plan to block climate lawsuits – while potentially fatal for one groundbreaking climate case – could actually bolster claims in another live climate case underway against the Government.
Colombia’s climate crossroads: Trumpism casts shadow over presidential battle
Tue 26 May 2026
Colombia is a global leader in climate activism. Could US influence drag country to a future of mining and fracking?
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.
Six NZ climate solutions up for 2026 Earthshot prize
Thu 21 May 2026
By Shannon Morris-Williams | Six New Zealand climate and sustainability initiatives have been nominated for the 2026 Earthshot Prize, with the shortlist showcasing Kiwi-led solutions tackling emissions, plastic waste and ocean restoration.
Environmental groups sue Trump administration over approval of new ultra deep-water drilling project
23 Apr 2026
Environmental groups sued the Trump administration on Monday over its approval last month of oil company BP’s ultra deep-water drilling project in the Gulf of Mexico.
Govt had ‘little choice’ in signing key UN climate resolution – expert
Fri 22 May 2026
By Shannon Morris-Williams | Climate policy expert Bronwyn Hayward said it was “shameful’ New Zealand didn’t throw more active support behind a pivotal climate resolution ratified by the United Nations this week.
A real ‘intergenerational equity’ budget would address Australia’s unceasing environmental decline
15 May 2026
Labor has unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform.
ESG funds include petrochemical companies, report finds
5 May 2026
Global banks have invested US$133bn into US petrochemical expansion, even as the industry is linked to climate change.
Greens bill to ban mining on conservation land drawn from ballot
Tue 26 May 2026
By Shannon Morris-Williams | A Greens member’s bill seeking to ban new mining, prospecting and exploration on conservation land has been drawn from Parliament’s ballot, with the party saying the proposed law would close a loophole allowing mining on land set aside for environmental protection.
Media round-up
Fri 22 May 2026
In our round-up of climate coverage in local media: Shane Jone is urging mining bosses to apply for fast-track before the election, climate risk is changing where investors put their money, and Hiringa gets more hydrogen-fuelled trucks on the road.
Green Party calls for national electrification plan
20 Apr 2026
By Liz Kivi | The Green Party is calling for a national plan to electrify homes, transport and industry using renewable energy, to reduce fossil fuel dependence in response to the Middle East crisis.
NZ at risk of falling behind on EV transition
Fri 22 May 2026
By Shannon Morris-Williams | An EV lobby group is warning that New Zealand is at a crossroads on transport electrification, with inconsistent policy settings and lagging charging infrastructure slowing uptake, while global adoption accelerates and fuel price shocks renew interest in electric vehicles.
‘Landmark’ conservation reform bill – boost or bust for nature?
8 May 2026
By Liz Kivi | The Government has announced an overhaul of the country’s conservation system, which environmental organisation Forest & Bird says will undo the work of many generations of Kiwis to protect public conservation land.
Climate scientists accuse livestock industry of fuzzy math to downplay climate warming emissions
Fri 22 May 2026
A group of the world’s leading climate scientists are warning governments and the livestock industry against adopting an “accounting trick” that will imperil the all-out global effort required to control heat-trapping emissions.
Global wind and solar power outpace gas for first time in April, report shows
Fri 22 May 2026
Wind and solar combined generated more electricity than gas globally in April for the first month ever, data analysed by UK-based think tank Ember showed on Thursday.
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.
Why both trees and technology are important in the race to mitigate carbon emissions
4 May 2026
Different carbon‑removal approaches solve different problems, and pitting these technologies against each other could slow progress.
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.
Rotorua extends diesel bus contract after NZTA declines extra funding
Mon 25 May 2026
By Mathew Nash, Local Democracy Reporter | Rotorua is stuck with its diesel-powered public buses after a funding snag played a part in setting back plans for zero-emission buses by years.
NZ votes in favour of key UN climate resolution
Thu 21 May 2026
By Liz Kivi | A pivotal United Nations resolution to recognise a landmark International Court of Justice climate ruling has passed with nations voting overwhelmingly in its favour, with New Zealand voting on the same side as Pacific allies who spearheaded the vote.
NZ First moves to revive container return scheme
4 May 2026
By Shannon Morris-Williams | NZ First is aiming to launch a national container return scheme, which could recycle over a billion wasted containers each year, reviving a policy shelved by the previous Labour-led Government in 2023.
Commission urges Govt action on climate risks
7 May 2026
By Liz Kivi | Climate change currently poses major risks to our water infrastructure with “significant gaps” in readiness to manage risks and increasing hazards, according to the Climate Change Commission.
Why is Northern Ireland facing a growing threat from wildfires?
7 May 2026
Figures show that spring drought events are happening more often while there has been a sharp rise in "fire weather" - a mix of warmth, dryness, and wind that allows fires to ignite and spread rapidly. Experts warn this combination, along with climate change, is creating a longer and more volatile wildfire season.
Human health appears unaffected by living near wind turbines
Thu 21 May 2026
Media release: PNAS | High-resolution data collected across the United States show negligible evidence of adverse health outcomes tied to wind turbine exposure, a study finds.
