In a pre-Budget announcement, Climate Change Minister James Shaw said the government had nearly doubled the amount of money in its green investment bank.
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New Zealand Green Investment Finance (NZGIF) has received
an additional $300 million in investment capital, increasing
its total pool of investment capital to $400
million.
As one of a global network of green
investment banks, NZGIF is focused on identifying investment
opportunities that help drive the decarbonisation of New
Zealand’s economy. By investing its capital on a
commercial basis, it demonstrates and promotes the benefits
of green investment to the private sector, with a view to
attracting private capital to low carbon co-investment
opportunities over time to grow overall investment in
decarbonisation.
NZGIF has a long-term mission,
recognising the scale of the challenge of attracting capital