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BlackRock climate fund proceeding ‘irrespective of govt’

Labour’s aim of raising $10b was ‘aspirational’, but NZ is providing some of the best deal flows in renewables, global fund manager says.

Solar energy investments will be a focus for the BlackRock fund.

Maria Slade Wed, 01 Nov 2023
Key points
  • What's at stake: A giant American fund manager's plans for a $2 billion New Zealand climate investment fund.
  • Background: BlackRock is about to open a New Zealand office and hopes the New Zealand Net Zero Fund, announced by the previous Labour Government in August, will make its first investments in early 2024.
  • Main players: BlackRock, Labour, National, Christopher Luxon, Andrew Landman, Megan Woods.

Giant American fund manager BlackRock’s plans for a $2 billion New Zealand climate investment fund are proceeding apace, despite the change in government.

The previous Labour Government made repeated efforts to woo BlackRock here and, in August, announced it had helped it establish a first of its

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Contact the Writer: maria@nbr.co.nz
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Key points
  • What's at stake: A giant American fund manager's plans for a $2 billion New Zealand climate investment fund.
  • Background: BlackRock is about to open a New Zealand office and hopes the New Zealand Net Zero Fund, announced by the previous Labour Government in August, will make its first investments in early 2024.
  • Main players: BlackRock, Labour, National, Christopher Luxon, Andrew Landman, Megan Woods.
BlackRock climate fund proceeding ‘irrespective of govt’
Investment,
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