Financing the transition to a low emissions, climate resilient economy

Speech delivered by Caralee McLiesh, Secretary to the Treasury, at the Financing and Investment session at the Climate Change and Business Conference, Auckland, 19 September 2022.

In this speech Caralee McLiesh discusses how transitioning to a low-emissions, climate resilient economy requires a financial system that takes into account a wider set of measures of living standards (providing a more rigorous analysis of all costs, benefits and risks of financial decisions). It means considering climate in every financial decision. She also highlights the need to support capital providers with the incentives, knowledge and the confidence to undertake the investments needed to reduce our net emissions and increase our climate resilience.