Government climate change announcement:
Dec 5, 2018 12:36 PM

Henry Cooke -
What you need to know:

The Government has announced the details of a $100m green investment fund.
The fund is part of a suite of measures aimed at helping our economy decarbonise over the next thirty years.
The fund will be set up as a proper company and will look to invest in startups that will help the fight against carbon.
Climate Change Minister James Shaw expects the fund to make money and to pull in more private capital than the Government itself puts forward.

Pepanz - the lobby group for the oil industry has chipped in with a statement:
The Government’s new Green Investment Finance project should be open to funding carbon capture and storage (CCS) projects, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ).
"It’s unclear whether the fund will support this exciting technology, but it would be bizarre to exclude projects which can significantly reduce emissions," says PEPANZ CEO Cameron Madgwick.
"This technology is a reality today and can capture carbon emissions and store them underground.