Topics tagged with 'Green finance'
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.
Carbon tax would be popular with UK voters, poll suggests
25 Feb 2021
Taxing carbon dioxide emissions would be popular with British voters, polling suggests, as the government moots ways to put a price on carbon that could help tackle the climate crisis and fund a green recovery from the coronavirus pandemic.
Questions over Samoa flood defence project
22 Feb 2021
Flood walls in Samoa financed by the UN’s flagship climate fund are inadequate and could put people in danger, experts warn.
IMF looks at climate credit-scores
22 Feb 2021
Vulnerability to climate change is bad for sovereign credit ratings, says the International Monetary Fund.
Tax aviation to raise funds for poor countries
19 Feb 2021
Taxes on international transport could provide finance to help developing countries cut greenhouse gas emissions and cope with the impacts of climate breakdown, a group of climate finance experts say.
Amundi to quiz companies over climate action
19 Feb 2021
Amundi, Europe's biggest asset manager, say it will seek more specifics from companies at upcoming shareholder meetings about their plans to reduce emissions.
Vote against directors failing the climate, says ISS
16 Feb 2021
Major financial investors are to be urged by the world’s largest shareholder advisory firm to vote against company board members if they fail to address global heating in their roles.
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.
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.
