Andrew Kelleher: JMI Wealth Director says reason for Govt, BlackRock climate deal is perplexing as the $2 billion doesn't exist yet

The Government's climate deal with a major global fund manager is being described as 'perplexing'. BlackRock Capital has launched a $2 billion dollar climate fund to help New Zealand achieve 100 percent renewable electricity. It would invest in solar, wind and green hydrogen infrastructure. But JMI Wealth Director Andrew Kelleher told Mike Hosking the reason for the announcement is puzzling, as the $2 billion doesn't exist yet. Kelleher says BlackRock is targeting that figure and he can't confirm if either they or the Government are putting any money into the fund. Kelleher says New Zealand fund managers are already making similar investments. LISTEN ABOVE  See omnystudio.com/listener for privacy information.