Topics tagged with 'Green finance'
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.
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.
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.
