Media release from the Climate change Minister
Budget 2018 marks a significant step in our plan to transition to a net-zero-emissions economy by 2050, says Climate Change Minister James Shaw.
“The Green Investment Fund will stimulate significant private-sector finance into the low-emissions projects and businesses that New Zealand needs.
“In places like Australia, the UK and some US states, green investment funds have been hugely successful, attracting capital to fund low-carbon transitions and reduce climate pollution. As Mōhio’s recent climate-finance report1 states, global capital is already shifting into climate-aligned investments. Our plan will make New Zealand part of that shift.