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 Dealing With Impeccable, Impeachable Lies

By now, the end game the Republican Senate majority has in mind in their setting of the rules for the impeachment trial of Donald J. Trump is pretty clear to everyone: first deny the Democrats the ability to call witnesses and offer evidence, and then derisively dismiss the charges for lack of evidence. For his part, does former security adviser John Bolton really, really want to testify against his former boss? If there was any competing faction within the Republican Party, there might be some point for Bolton in doing so – but there isn’t. More>>

Published on Werewolf

 
 

WINZ Quarterly Report: More People Getting Into Work

The December quarter benefit numbers released today show the Government’s plan to get people off the benefit and into work is starting to pay off,” Social Development Minister Carmel Sepuloni said. More>>

ALSO:

Changing lives: Boost In Whānau Ora Funding

Whānau throughout New Zealand are set to benefit from an extra three million dollars that will go directly to Whānau Ora Commissioning Agencies, the Minister for Whānau Ora Peeni Henare announced today. More>>

ALSO:


PGF Kaikōura $10.88M: Boost In Tourism & Business

The Provincial Growth Fund (PGF) is investing $10.88 million to boost business and tourism opportunities in Kaikōura, Parliamentary Undersecretary for Regional Economic Development, Fletcher Tabuteau announced today. More>>

ALSO:

Whitebaiting: Govt Plans To Protect Announced

With several native whitebait species in decline the Minister of Conservation Eugenie Sage has today released proposals to standardise and improve management of whitebait across New Zealand. More>>

ALSO:


Education: Resource For Schools On Climate Change

New resource for schools to increase awareness and understanding of climate change... More>>

ALSO:

In Effect April: New Regulations For Local Medicinal Cannabis

Minister of Health Dr David Clark says new regulations will allow local cultivation and manufacture of medicinal cannabis products that will potentially help ease the pain of thousands of people. More>>

ALSO:


Gordon Campbell: On What An Inquiry Might Look Like

Presumably, if there is to be a ministerial inquiry (at the very least) into the Whakaari/White Island disaster, it will need to be a joint ministerial inquiry. That’s because the relevant areas of responsibility seem to be so deeply interwoven... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels