Greenpeace is calling for caution, when it comes to the mega private green investment fund unveiled by the prime minister today.
The government's partnered with a controversial investment giant Black Rock to launch a $2 billion fund to help transition Aotearoa to a 100 percent renewable electricity by 2030.
Prime Minister Chris Hipkins says it's a game changer, but there was limited detail about how the fund will work and what terms and conditions they've put on the controversial multinational.
Blackrock is a big investor in fossil fuels and is currently being under investigation in the US for allegedly investing in blacklisted chinese companies that are on a no go list for human rights and security reasons.
Greenpeace is concerned about the heavy reliance on private investment and a lack of policy details with the announcement.
John Berry from Pathfinder Asset Management told us earlier in the programme whilst we shouldn't necessarily be wary about Blackrock, we do need to ensure their investments in renewable energy make sense in New Zealand.
Energy Minister, Megan Woods says it creates huge opportunities for New Zealand.
