The Government has revealed the New Zealand Green Investment Finance will stop making new investments - and will wind down its' existing portfolio.

Climate Change Minister Simon Watts says it has invested almost $400 million into various projects, with 'limited' results.

Watts says there's no need for the Government to be involved in this particular market going forward.

LISTEN ABOVE

The Government has revealed the New Zealand Green Investment Finance will stop making new investments - and will wind down its' existing portfolio.
Climate Change Minister Simon Watts says it has invested almost $400 million into various projects, with 'limited' results.
Watts says there's no need for the Government to be involved in this particular market going forward.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Simon Watts: Climate Change Minister on the Government winding down Green Investment Finance

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fad22909-eaba-4a25-b4d5-b2b90079140b/transcript