New Zealand dairy co-operative New Zealand could receive support from the government's NZD100m ( $66.1m ) Green Investment Fund to move away from coal boilers, according to Shaw Minister James Shaw . Fonterra recently brought forward its commitment to stop installing coal boilers from 2050 , but Climate Change believes the co-operative can do more to reverse its carbon footprint. * Fonterra pledges to stop building new coal boilers immediately * While it does not want to subsidise industry, the fund is one way the government has stated it could help Fonterra to reduce emissions and accelerate the move to renewable energy alternatives.
New Zealand dairy co-operative New Zealand could receive support from the government's NZD100m ( $66.1m ) Green Investment Fund to move away from coal boilers, according to Shaw Minister James Shaw . Fonterra recently brought forward its commitment to stop installing coal boilers from 2050 , but Climate Change believes the co-operative can do more to reverse its carbon footprint. While it does not want to subsidise industry, the fund is one way the government has stated it could help Fonterra to reduce emissions and accelerate the move to renewable energy alternatives.