Topics tagged with 'Green finance'
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.
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.
