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.
Wood petrochemical substitutes one step closer
Bio-refinery start-up Futurity is launching a NZ$1.5 million commercialisation study into turning wood by-products into high-value chemicals. The study will…
Processing forestry slash on-site an immediate solution
An immediate solution to solve the issue of destructive forestry waste – or slash – is available, and implementing it…
Major Wood Residues Event announced for 2023
It was eight years since the Forest Industry Engineering Association had run a wood residues programme aimed specifically at those…
Huntly burns wood rather than fossil fuels
Genesis Energy has found its coal-burning unit in Waikato can also produce electricity when fed wood. The Huntly power station…
Government missing opportunities to reduce greenhouse gas emissions
The announcement that the NZ Government has dropped the Sustainable Biofuels Obligation Bill is not surprising as the Government has…
Researchers partner to pelletise waste materials
The idea of using biomass or non-recyclable materials to produce power has been around for a long time, but techniques…