New Zealand Green Investment Finance (NZGIF) is a Crown-owned green investment bank established in April 2019 by the New Zealand Government. Its primary objective is to accelerate investment in projects that reduce greenhouse gas emissions, supporting New Zealand's transition towards a net-zero-emissions economy by 2050[1][2][3]. ### Key Features and Objectives - Establishment and Structure: NZGIF is listed under Schedule 4A of the Public Finance Act 1989 and operates as a limited liability company, independent of government, with its own Board and team[2][3]. - Investment Strategy: NZGIF invests in scalable companies, technologies, and projects that offer low-carbon benefits for New Zealand. Investments are made on a commercial basis, without grants or subsidies[3]. - Objectives: The four main objectives are to reduce domestic emissions, invest commercially, crowd-in private capital, and demonstrate market leadership[5]. - Sectors of Focus: Investments are made in sectors such as electric bus deployment, commercial boiler replacements, building retrofits, precision agriculture, renewable energy, bio-plastic alternatives, and waste-to-energy projects[3]. ### Initiatives and Impact - Climate Clauses: NZGIF uses climate-conscious legal drafting, integrating climate clauses into contracts to support its emissions reduction mandate. It has developed a New Zealand Climate Clause Bank to help businesses make climate-friendly changes[1][4]. - Green Finance Accelerator: NZGIF offers programs like the Green Finance Accelerator to accelerate decarbonization among SMEs[4]. - Solar Finance Program: It provides long-term, fixed-rate debt for distributed solar projects in New Zealand[4]. ### Governance and Review - Board of Directors: The Board includes Cecilia Tarrant as Chair, David Woods as Deputy Chair, and other directors with expertise in investment and sustainability[2]. - Periodic Review: NZGIF undergoes periodic reviews by entities like Ernst & Young to assess its performance and strategic alignment with its objectives[5].