First-of-its-kind climate fund to back 100% renewable electricity

Prime Minister Chris Hipkins and Minister of Energy and Resources Dr Megan Woods have announced a first-of-its-kind climate fund.

The Government has worked with BlackRock, one of the world’s largest investors in climate infrastructure and clean technology, to launch a $2 billion fund with the goal of making New Zealand one of the first countries in the world to reach 100% renewable electricity.

Read the full release here.