Aug 17, 2023
In an exciting announcement on Wednesday 9 August BlackRock announced a partnership with Government to launch a $2bn investment fund to help New Zealand reach 100% renewable electricity by 2030. The fund will invest in projects like solar, wind, green hydrogen, battery storage and EV charging.
A reduction in emissions from electricity production is paramount across all Five Action Areas of the Ad Net Zero framework. Initiatives such as this, with far-reaching implications for Aotearoa’s energy grid, are a promising step towards reducing emissions across all industries. However, we can’t rest on the promise of future solutions, so following individual reduction plans across our industry remains the primary focus of Ad Net Zero.
It’s encouraging to see investment towards the ambitious goal of getting to 100% renewable electricity by 2030. Who knows, maybe New Zealand will be the first country in the world to get there!