A sustainable finance strategy for Aotearoa
Centre for Sustainable Finance (CSF) welcomed the announcement by Minister of Climate Change, Hon. Simon Watts that the New Zealand Government is partnering with CSF to develop a sustainable finance strategy for Aotearoa New Zealand.
The announcement was made at the Responsible Investment Association Australasia (RIAA) Conference Aotearoa NZ 2024. According to CSF, the strategy will provide clarity on the Government’s priorities to increase the flow of domestic and international capital for sustainable and transition opportunities.
Sustainable finance can help Aotearoa New Zealand to:
- Reduce greenhouse gas emissions to maintain our access to international markets
- Seize new growth and productivity opportunities
- Responsibly manage our natural resources
- Build a resilient economy that can adapt to future shocks.
The strategy is expected to consider opportunities to align New Zealand with developments in other countries including Australia, Singapore and the United Kingdom which have similar initiatives.
“ A coordinated approach to mobilising sustainable and transition finance is key to decarbonising our economy, meeting our international obligations, maintaining access to international markets and ensuring a cleaner, healthier, more resilient economy here at home.”
It is expected to provide a cohesive framework that is recognisable to international capital providers and guide related areas of work including the development of green taxonomies and innovative sector financing work aimed at accelerating private finance.
Whakatupu Aotearoa Foundation was an early supporter of Centre for Sustainable Finance and has a strong interest in this unique organisation’s ability to generate sustainable finance options. Growing investment into positive, resilient, responsible market opportunities.
Photo: Whangarei Falls footbridge - Tim Swaan, Unsplash