In Budget 2022, the Government announced an intention to extend the Climate Emergency Response Fund (CERF) to cover climate change adaptation (see here at page 16: https://www.beehive.govt.nz/sites/default/files/2022-05/CERF%20investments.pdf). Government has also announced an intention to issue Sovereign Green Bonds from late 2022: https://www.beehive.govt.nz/release/new-zealand-issue-sovereign-green-bonds. New Zealand's Parliamentary Commissioner for the Environment has also made a number of recommendations to the annual Budget process to enhance green budgeting (see here: https://www.pce.parliament.nz/publications/wellbeing-budgets-and-the-environment). Plans are being developed to highlight significant environmental initiatives outside the CERF for more in-depth analysis as part of a response to these recommendations.