{"id":1833,"date":"2022-06-21T22:20:00","date_gmt":"2022-06-21T22:20:00","guid":{"rendered":"https:\/\/www.purposecapital.co.nz\/?p=1833"},"modified":"2024-04-09T04:10:36","modified_gmt":"2024-04-09T04:10:36","slug":"eeca-gidi-private-finance-pilot-purpose-capital","status":"publish","type":"post","link":"https:\/\/www.purposecapital.co.nz\/eeca-gidi-private-finance-pilot-purpose-capital\/","title":{"rendered":"EECA GIDI Private Finance Pilot | Purpose Capital\u00a0"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”3.22″ custom_padding=”0|0px|0|0px|false|false” top_divider_height=”0px” top_divider_arrangement=”above_content” bottom_divider_height=”0px” global_colors_info=”{}”][et_pb_row _builder_version=”4.14.7″ custom_padding=”0|0px|27px|0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.7″ text_font=”||||||||” header_font=”||||||||” custom_padding=”||0px|||” link_option_url_new_window=”on” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

EECA (the Energy Efficiency and Conservation Authority) has commenced a private finance pilot with participating financial providers to help unlock the finance required for valuable decarbonisation projects to move forward.<\/span>\u00a0<\/span><\/p>\n

Purpose Capital has been selected to participate in the Government Investment in Decarbonising Industry (GIDI) Fund Private Finance Pilot.<\/span>\u00a0<\/span><\/p>\n

<\/span><\/p>\n

About the Government Investment in Decarbonising Industry (GIDI) Fund<\/span><\/b>\u00a0<\/span><\/h4>\n

New Zealand\u2019s Emissions Reduction Plan (May 2022) sets out the pathway for how New Zealand will meet its first emissions budgets (2022-2035) and achieve long-term climate targets.<\/span>\u00a0<\/span><\/p>\n

To help meet this challenge, the Government has announced expanded funding of around $650 million for the GIDI Fund, coming from the Climate Emergency Response Fund (CERF).<\/span>\u00a0<\/span><\/p>\n

Read the full announcement by Minister of Energy and Resources, Dr Megan Woods, here: <\/span>Supercharging decarbonisation & transforming the energy system | Beehive.govt.nz<\/span><\/a>\u00a0<\/span><\/p>\n

Government co-funding for the decarbonisation of industrial process heat is a catalyst to assist the transition for New Zealand businesses away from fossil fuels. Government co-investment through the GIDI Fund will help businesses bridge the gap and switch to clean energy and clever technologies.<\/span>\u00a0<\/span><\/p>\n

GIDI is a partnership between business and government and the core purpose of GIDI is to accelerate business towards a low-emissions future.<\/span>\u00a0<\/span><\/p>[\/et_pb_text][et_pb_text _builder_version=”4.14.7″ _module_preset=”default” custom_margin=”||-1px|||” global_colors_info=”{}”]

Key Statistics<\/span>\u00a0<\/span><\/h5>[\/et_pb_text][et_pb_image src=”https:\/\/www.purposecapital.co.nz\/wp-content\/uploads\/2022\/06\/GIDI.png” title_text=”GIDI” align=”center” _builder_version=”4.14.7″ _module_preset=”default” module_alignment=”center” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.14.7″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]

\u00a0<\/span><\/p>\n

For more on the GIDI Fund, visit the <\/span>GIDI Fund Website<\/span><\/a>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

About the GIDI Private Finance Pilot<\/span><\/b>\u00a0<\/span><\/h4>\n

EECA has commenced a private finance pilot with participating financial providers to help unlock the finance required for valuable decarbonisation projects to move forward.<\/span>\u00a0<\/span><\/p>\n

The significant amount of private investment required to decarbonise business means access to private finance is a crucial part of the transition by businesses to a low emissions future.<\/span>\u00a0<\/span><\/p>\n

The pilot is about making green finance information and opportunities more visible and available, and connecting potential applicants with people who can help with financing needs.<\/span>\u00a0<\/span><\/p>\n

The pilot involves financiers with sustainable financing credentials \u2013 that are in a position to provide investment specifically to GIDI Fund applicants, as part of their broader sustainability focused offering.<\/span>\u00a0<\/span><\/p>\n

The pilot objectives are<\/span>\u00a0<\/span><\/p>\n