20 June 2022
New Zealand’s Emissions Reduction Plan (May 2022) sets out the pathway for how New Zealand will meet its first emissions budgets (2022-2035) and achieve long-term climate targets.
To help meet this challenge, the Government announced expanded funding of around $650 million for the Government Investment in Decarbonising Industry fund (GIDI).
EECA recognises that private finance is a crucial part of NZ’s decarbonisation transition and has commenced a Private Finance Pilot with financial providers that aims to:
- maximise the reach of GIDI funding available to businesses to help achieve New Zealand’s decarbonisation targets
- improve visibility to GIDI applicants of finance providers that are available, and have expertise, to help NZ businesses decarbonise, and
- mobile the finance sector into mainstreaming sustainable finance and offering competitive rates for decarbonisation projects.
Latest Updates
Wood-fired hospital boilers replace coal
South Invercargill residents can breathe a little easier, with Southland Hospital’s massive boilers now fired by wood pellets instead of…
Altus wood pellets business in receivership
FTI Consulting has given wood pellets maker Altus Renewables’ suitors until September 15 to prepare their indicative bids for the…
MOTAT steam tram powered by trees
It’s out with the coal and in with the biofuel for steam tram no. 100, which will operate on a…
Pacific Rim hardwood chip trade decline forecast
Most of the world’s wood chip trade is that of hardwood chips in the Pacific Rim. In 2022, the global…
Port Blakely’s move to in-forest biofuel recoveries
Andrew Cocking, Port Blakely’s South Island Regional Manager at last year’s Residues2Revenues event detailed the company’s progress and early innovation…
Event Summary – Residues2Revenues 2023
As anticipated, the turnout to the second Residues2Revenues 2023 was a standout for the industry. Around 250 delegates attended the wood residues…