Finance

Government commissions review of NZ Green Investment Finance

Oliver Lewis
Tue, 26 Jul 2022

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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