Climate Action LedgerTracking climate leadership · Aotearoa NZ
NC-010··National-led coalition (with ACT & NZ First)·programme

NZGIF wind-down

Harm -1

What happened

Directed NZ Green Investment Finance to stop new investments and wind down portfolio (April 2025); entity transitioning to investment management / exit mode.

Why it matters

Removes Crown green investment bank established by prior government.

Impact assessment

Disestablishment of institutional climate finance tool; follows SolarZero controversy.

Limitations: Government cites market maturity as rationale.

Attribution

primary (high confidence) -National

Climate Minister Simon Watts; shareholding ministers Willis/Watts.

Coalition period: National-led coalition (with ACT & NZ First) (27 November 2023 - present)

Categories

mitigationgovernance

Sources