Government commissions review of NZ Green Investment Finance

Finance minister Grant Robertson and climate change minister James Shaw are the shareholding ministers of NZGIF. (Image: Getty)

Oliver Lewis

Tue, 26 Jul 2022

The Treasury is seeking a reviewer to assess the performance and strategy of New Zealand Green Investment Finance (NZGIF).Set up in 2019 to help NZ with its transition to a low emissions economy, NZGIF describes itself as a ‘green investment bank’, although it is not a registered bank.The government has committed $400 million, including a $300m boost through Budget 2021, for the organisation to make investments on a commercial basis via debt, equity or other capital structures.NZGIF is expected to make a return and become profitable...

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