LL-010··Labour-led government (Greens confidence & supply)·budget
Climate Emergency Response Fund (CERF)
Win +1What happened
Budget 2022 established CERF to ring-fence ETS auction revenue for climate spending (~$4.5b initial allocation).
Why it matters
Dedicated multi-year climate finance mechanism.
Impact assessment
Significant dedicated funding; impact depends on spend quality.
Scale: ~NZ$4.5b initial allocation
Attribution
shared (high confidence) -Labour, Greens
Budget 2022 initiative.
Coalition period: Labour-led government (Greens confidence & supply) (17 October 2020 - 26 November 2023)
Categories
governancemitigationadaptation