What the BlackRock fund isn't

The global investment manager is creating a NZ-specific climate infrastructure fund. (Image: Getty)

Thu, 10 Aug 2023

Earlier this week in Auckland, prime minister Chris Hipkins and energy minister Megan Woods made an announcement: global asset manager BlackRock was setting up a New Zealand-specific fund for investing in climate-related infrastructure, such as solar, wind and batteries. The size of the fund? $2 billion.Hipkins hyped the announcement as a watershed moment for NZ in its pursuit of reaching 100% of electricity from renewable sources, something the government has said it wants to achieve by 2030. A government press release said it and Bl...

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