NZ to join Coalition for Climate Action

WELLINGTON, Oct 16 (Xinhua): New Zealand Finance Minister Grant Robertson said Wednesday that the country will join the Coalition of Finance Ministers for Climate Action while attending Asia-Pacific Economic Cooperation meetings in Chile.

The objective of coalition is to share information and promote action to tackle climate change.

It was formed in April this year, in recognition that meeting climate goals require not only environmental policies but also "climate-fiscal" policies like considering climate change in annual national budgets.

"New Zealand is delighted to be joining the Coalition. We welcome the opportunity to take on the challenges of reforming fiscal policy and the financial system to address the impacts of climate change," Robertson said.

"We are already putting this into action in New Zealand with this year's Wellbeing Budget expanding the range of measures by which we assess our success as a government.