NZ Super Fund urged to invest $94 billion in domestic clean energy projects
By
Fran O'Sullivan
Lightly browned and well buttered. A solid pick from the rack.
Summary
Fran O'Sullivan argues that the New Zealand Superannuation Fund, a $94 billion sovereign wealth fund, should invest domestically in clean energy projects such as offshore wind, grid upgrades, large-scale storage, and industrial decarbonisation. The piece highlights that the fund is already the country's biggest taxpayer and suggests it could lead or co-lead major green initiatives to benefit New Zealand's energy transition.
Key quotes
· 2 pulledThe New Zealand Superannuation Fund could lead or co-lead major green projects – offshore wind, grid upgrades, large-scale storage and industrial decarbonisation.
New Zealand is sitting on a $94 billion sovereign wealth fund that is already the biggest taxpayer in the country.
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