Climate change

Climate response fund set to grow as carbon price rises

Pattrick Smellie
Mon, 16 May 2022

Climate response fund set to grow as carbon price rises
Climate change action will be funded in part by the emissions trading scheme's revenues. (Image: Getty)
Pattrick Smellie
Mon, 16 May 2022
The government’s $4.5 billion Climate Emergency Response Fund (CERF) has been increased by a further $1.5b, reflecting increased revenue caused by rising carbon prices.The CERF “recycles” revenue raised from the sale of carbon in the New Zealand emissions trading scheme (ETS), the price of which has risen from about $35 a tonne a year ago to about $75 a tonne today.Some $2.9b of the CERF is committed in the announcements made today.The finance minister, Grant Robertson, indicated that a further $1.5b is available to be deploye...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.