New Zealand aims to go green with electricity, tree planting

New Zealand's incoming government is hoping to make the nation greener by planting 100 million trees each year, ensuring the electricity grid runs entirely from renewable energy, and spending more money on cycle ways and rail transport.

Jacinda Ardern, who takes over as prime minister this week, today outlined agreements her Labour Party reached with other political parties joining them in the new government.

In addition to the environmental initiatives, Ardern also outlined plans to raise the minimum wage, stop foreigners from buying existing homes, and possibly changing how New Zealand's Reserve Bank operates.

The 37-year-old will be New Zealand's youngest leader in more than 150 years and hopes to take the country on a more liberal path following nine years of rule by the conservative National Party.