Last year set the objectives. Now we must deliver. I’ll start.

Last year was a momentous and uneven year for New Zealand’s climate risk and our response to it. In some ways it was a reset for the country, embedding climate change into government policy and setting international goals. In other ways it was a disappointing business-as-usual year as Covid dominated the headlines and the actions. […]

Tricksy accounting is not the outrage. Offsetting is.

As the tables are folded on COP26 one debate continues to rumble in climate circles: the accounting trick played by New Zealand to claim a 50% reduction in GHGs emissions by 2030. This so-called ‘net versus gross emissions’ slight-of-hand angers many people and rightly so. But hold my beer. There’s a much bigger problem to […]

It’s time for churches to join the climate fight

By Rohan MacMahon and Vincent Heeringa Among the many dignitaries attending COP26 in Glasgow this month is Pope Francis, representing the principality of Vatican City. As a jurisdiction, the Vatican has nothing much to report – its greenhouse commitments are subsumed within Italy’s, and its emissions include the occasional puff of white smoke. As the […]

Climate VC on climate podcast

This month, Jez and Rohan featured on ‘This Climate Business’, a podcast about turning the climate crisis into opportunity. The podcast is hosted by Vincent Heeringa (who consults to the fund). He asked Rohan if the fund is fixed on one sector or class of investments. “I’m not a believer in silver bullet solutions. Also […]

Meet Dr Jez: speed metallurgist

Dr Jez Weston is a co-founder of the Climate VC Fund. A former rocket scientist and unicycle builder, he came to New Zealand via Japan and just loves things that go really fast. Seems a natural fit for venture capital, then. Vincent Heeringa asked Jez about his journey into climate action. Vincent: Nice to chat […]

The ETS just broke. This is how to fix it.

Sneaking through the wall-to-wall coverage of Covid this week was news of an Emissions Trading Scheme’s cock-up. Unexpected demand in the quarterly government auction led to carbon busting its $50 price cap and the government having to issue 7 million more units to keep the price from blowing out. The blowout received extensive media coverage […]

Climate VC Fund wins climate impact award

The streamers have yet to be unwrapped for the launch party, but the Climate VC Fund has already won an award. We were jointly awarded ‘Highly Commended’ for Most Effective Fund for Climate Action in this week’s Mindful Money Awards. The other recipient was the New Zealand Green Investment Finance, the government fund started in […]

Storage is key to preventing blackouts

MGA Thermal’s blocks offer a storage solution for a climate-friendly grid By Rohan MacMahon, Dr Jez Weston, Arden Jarrett On the night of August 8th, one of the coldest nights of the year, about 20,000 households in New Zealand were plunged into darkness. It came down to a simple supply and demand problem. While households […]

Our first investment: introducing MGA Thermal

Well, we’re underway. The Climate VC Fund has made its first investment: MGA Thermal, an Australian clean energy company that uses state-of-art metallurgy to create shoebox-sized composite blocks for storing renewable energy. We are thrilled to make this investment, not just because it’s our first, but because MGA Thermal shows such promise. Jez, who’s a […]