Policy
Explore the latest government news by BusinessDesk.
Infrastructure
8 Rivers carbon-capture project in $60m capital-raise, drops bid for govt backing
By Gavin Evans Oct. 1 (BusinessDesk) - The promoter of a $4 billion carbon capture and storage project that would establish a New Zealand fertiliser export industry has abandoned its bid for government support and is raising $60 million privately to advance the initiative....
Finance
Experts largely support RBNZ's bank capital proposals
By Jenny Ruth Oct. 1 (BusinessDesk) - The three independent experts' critiques of the Reserve Bank's bank capital proposals are largely supportive with the British expert, in particular, demolishing the commercial banks' complaints that the central bank wants them to hold too...
Economy
Reality needed on pace of low-carbon transition - Wood Mackenzie
By Gavin Evans Sept. 30 (BusinessDesk) - Governments and industry need to be more upfront with consumers about how long the transition to a lower-carbon world is going to take, a visiting energy expert says. People want action on climate change but many have unrealistic exp...
Finance
RBNZ board says bank will require more resources in the future
By Rebecca Howard Sept. 30 (BusinessDesk) - The Reserve Bank of New Zealand's board of directors lauded the bank and its governor for navigating a period of "comprehensive change" and sticking to its funding agreement but said it is clear additional resources will be required...
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