NC-011··National-led coalition (with ACT & NZ First)·budget
International climate finance reduced
Harm -1What happened
Reduced international climate finance trajectory: Budget 2024 trimmed remaining years of $1.3b commitment; Budget 2025 baselined $100m/yr from 2026 (vs ~$250m/yr under Labour package) without climate-only requirement.
Why it matters
Less adaptation finance for climate-vulnerable Pacific neighbours.
Impact assessment
Material reduction in dedicated regional adaptation finance.
Scale: ~$150m/yr reduction from 2026 vs prior trajectory
Attribution
shared (high confidence) -National, NZ First
MFAT/Budget decisions; Foreign Minister Peters.
Coalition period: National-led coalition (with ACT & NZ First) (27 November 2023 - present)
Categories
adaptation