Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Financing climate action

Hon JAMES SHAW

Minister for Climate Change

13 April 2018
Key financial, business and environmental leaders meet to talk financing climate action

Key leaders from the finance, business, environment, church, government and academic communities met today to discuss economic opportunities arising from taking action on climate change.

Climate Change Minister James Shaw says he’s been impressed by the enthusiasm and leadership shown by the financial and business sector at the launch of a newClimate Finance Landscape Report in Auckland.

“The transition to a net zero emissions economy brings huge opportunities and the finance sector has a significant role to play making it happen.

“The Government is already working on several of the report’s recommendations, including establishing a Green Investment Fund, fixing the Emissions Trading Scheme to provide effective carbon pricing, and I have asked officials to look at options for disclosure and reporting of climate-related financial risks,” says James Shaw.

“New Zealand has committed to making sure finance flows go towards low emissions and climate resilient development as part of the Paris Agreement,” says Mr Shaw.

A report by economic research collective, Mōhio, commissioned by the Ministry for the Environment, confirms there are multiple opportunities for financial institutions and companies to take action to lower emissions – and many are already leading the way.

“Many businesses and investors can see that climate action and green activities are not only good for business – but are a crucial part of New Zealand achieving a low emissions, climate resilient future, while also reducing risks to the financial sector.

“Financing the clean economy is crucial to ensuring a just transition that creates jobs in new industries.

“Roughly two thirds of all climate finance globally comes from the private sector, so there is heavy reliance on them to take action.

“Climate finance activities are underway, progress is being made, but this is just the start of a long journey and we need to do more. We need to build on existing leadership and momentum.”

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why France Could Become Our Closest Ally In Europe

As PM Jacinda Ardern returns from a triumphant tour to Britain and the capitals of Europe, her officials have probably begun to assess what the more substantive gains from the trip might have been. Most of the chatter has been about potential trade deals – so lets just assume for the moment that bilateral trade deals between big and small countries are a good thing, despite the perils they pose to the smaller party. Currently, Britain is so involved with its Brexit nightmare that there seems little prospect of any substantive early progress on an FTA with Britain. In any case, New Zealand should be wary of being the first cab off that particular rank. ... More>>

 

HiveMind: Fair Enough? How Should New Zealanders Be Taxed?

Have Your Say - Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon. More>>

ALSO:

Gordon Campbell: On Thompson + Clark & Russia’s World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark ... More>>

ALSO:

Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>

ALSO:

PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in Europe for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>

ALSO:


Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>

ALSO:

Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages