The Government of New Zealand and investment giant BlackRock announced the launch of a new NZD2bn (USD1.2bn) fund aimed at investing in New Zealand’s climate infrastructure. In a statement announcing the launch, the government said that the goal of the fund is support New Zealand’s ambition to be one of the first countries in the world to reach 100% renewable energy. The fund will include investments from private sector funds, as well as New Zealand crown companies and superannuation funds.

Source: ESGToday