Trans-Tasman finance and climate talks conclude

Friday 2 Aug 2024

 
NZ Finance Minister, Nicola Willis and NZ Climate Change Minister, Simon Watts, have met in Brisbane with their Australian counterparts, Treasurer Jim Chalmers and Climate and Energy Minister Chris Bowen.

The Ministers discussed joint action to meet climate commitments, climate resilience in the Pacific region, how investment and finance can be mobilised for climate change action, and how preparation and response to future severe weather events can be improved.

“In the lead up to COP29 where the New Collective Quantified Goal on climate finance will be decided, we will continue to participate in negotiations on how finance can support global climate action,” Mr Watts says.

Ministers agreed to a joint statement, outlining their plans for greater bilateral collaboration. 

“Unlocking investment to reduce and remove emissions from the atmosphere is key to helping us meet our climate change targets,” Ms Willis says. “Today, we have confirmed the development of New Zealand’s sustainable investment model, or taxonomy, will begin with the agriculture and forestry sectors. 

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Source: Inside Government


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