Developed nations 'confident' of hitting $100bn climate action pledge
Developed countries are "confident" that $100bn will be financed annually to aid climate actions in developing countries by 2020, a new report compiled by the UK and Australia has revealed.
Barclays supports 'disruptors of tomorrow' with green innovation scale-up scheme
Hydrogen vehicle pioneer Riversimple, London's first subterranean farming concept Growing Underground and tree-planting drone developer BioCarbon Engineering are among 10 British green business start-ups that look set to undergo a period of intensive scale-up after taking part in a new accelerator scheme launched by Barclays Bank.
Baker & McKenzie becomes first law firm to join carbon price coalition
Multinational law firm Baker & McKenzie has become the first legal industry representatives to join the World Bank's Carbon Pricing Leadership Coalition (CPLC) in a commitment to help clients "respond innovatively to the risks - and opportunities" of an economically regulated low carbon future.
'Rapid' low-carbon transition could damage economic stability, warns Bank of England
The transition to a low-carbon economy is filled with potential paradoxes that could lead to either the current generation having no "direct incentive" to drive change, or actually transitioning too quickly to the point where financial stability would be damaged.
Businesses match governments with bold climate pledges during Climate Week NYC
The level of climate ambition shown from businesses during Climate Week 2016 in New York City (NYC) is continuing to mount, with eight more companies making 100% renewable energy pledges and four firms committing to double the energy productivity of their operations.
Climate Week 2016: Apple and Bank of America lead corporate charge towards net-zero economy
Climate Week New York City (NYC) 2016 has kicked off in style with America's largest tech firm and second-largest bank headlining a flurry of ambitious corporate commitments to a renewable energy-based future.
New Triodos chief pledges to lead 'movement for change' among UK banks
"Our banks are not serving the needs of society," says Dr Bevis Watts, who has this week been confirmed as the first 'environmentalist' to take up a lead executive role within a UK bank.
Development banks co-ordinate climate finance in bid to drive global low-carbon transition
Major Multilateral Development Banks (MDBs) have demonstrated a strengthened collaborative commitment to track development flows for climate finance in an attempt to build on the momentum established at last year's Paris Agreement, as highlighted in an annual joint report.
ING raises €27bn in funding for growth of sustainable clientele
Dutch multinational banking group ING has revealed the efforts it has implemented to finance the shift to a low-carbon economy, which has seen the company fund more than €27bn to clients aiming to solve environmental challenges.
Nationwide rewarded with Carbon Trust Triple Standard after exceeding sustainability targets
The world's largest building society, Nationwide, has become the first high street financial services provider in the UK to achieve triple re-certification to the Carbon Trust Standards for its "holistic approach" to managing carbon, water and waste.
Low-carbon movement requires $7trn in green infrastructure, warns Bank of England
Close to $7trn will need to be spent on new green infrastructure across the globe in order to cut carbon emissions over the next 20 years, the Bank of England's governor Mark Carney has claimed.
London sets the benchmark for mobilising climate finance
A new report has praised London for its ability to mobilise climate finance, and has called on global cites to turn to the private sector in order to invest the necessary $57trn in infrastructure to transition to a low-carbon economy.
Felipe Calderón: Universal carbon pricing and green bonds needed to entice investors
Former President of Mexico and chair of the Global Commission on the Economy and Climate Felipe Calderón has called for a universal carbon pricing mechanism to promote private investment in low-carbon technologies and "get the job done" following the Paris Agreement.
RBS hits £1bn milestone for green loans
The Royal Bank of Scotland (RBS) has doubled its financial lending to sustainable energy projects, with more than 400 small and medium-sized businesses (SMEs) acting as benefactors of a £1bn lending spree from the bank in 2015.
World Bank to spend 28% of investments on climate change projects
The World Bank has made a "fundamental shift" in its role of alleviating global poverty, by refocusing its financing efforts towards tackling climate change, the group said on Thursday.
Could the UK's first Green ISA create a £60bn investment pot?
The UK's first 'Innovative Finance ISA' launched today (6 April) from investment platform Abundance, allowing investors to finance renewable projects through an operative tax ISA that could boost the green economy by £28.5bn.
Businesses 'dared' to embrace circular economy as ING prepares for new era of green finance
EXCLUSIVE: Companies should be ready and willing to shake up their business models in favour of the circular economy, with Dutch multinational banking group ING indicating a strong desire to provide more financial support for the low-carbon movement.
World Bank backs $1.15bn movement to future-proof developing cities
A new $1.15bn global platform aimed at boosting investment and implementing sustainable practices across an array of developing cities around the world has been launched, after receiving financial backing from the World Bank and Global Environment Facility (GEF).
Barclays surges past carbon reduction target
Barclays is now beginning to shift its focus to supply chains and scope-three emissions after the British bank's latest sustainability report reveals it has reduced its carbon footprint by 37% - far exceeding a two-year target of a 10% reduction.
RE100 companies halfway to 100% renewable target
The 53 companies that have signed up to the RE100 pledge to source 100% renewable energy are on average, halfway to their goals, a new report by The Climate Group and CDP shows.
Has Britain thrown away its chance to be the world centre of green finance?
EXCLUSIVE: There is a real opportunity for Britain to establish itself as the global centre of green investment, but the Government's 'confused' energy policy risks driving investors to Paris or other financial centres.
Global middle class can drive climate action, says UBS
The global middle class could hold the key to mobilising climate action, a new report from financial services firm UBS has claimed.
Fossil fuel industry pressed to pay for share of climate damage
More than 60 environmentalist organisations are calling for a tax on fossil fuel extraction that would see energy giants pay compensation to countries being impacted by climate change.
GIB makes third investment in Northern Ireland's AD industry
The UK Green Investment Bank (GIB) and private equity group Foresight have committed to invest £1.7m in the construction of an anaerobic digestion (AD) plant in Northern Ireland.
Santander rolls out 90,000 LED bulb retrofit
The UK's fifth-biggest bank has today (8 December) announced a new project that will see 800 of its UK branches fitted with more than 90,000 LED lights in a £17.5m retrofit lighting investment.
Michael Bloomberg to head up new climate task force
Former New York City mayor Michael Bloomberg is to lead a new industry-led task force which will offer climate change-related financial risk disclosures to companies and investors.
Goldman Sachs urges investors to target solar and wind power for optimal climate impact
Investors have been encouraged to target four key low-carbon technologies - solar photovoltaics, LED lighting, wind power and electric vehicles - as the most effective ways to tackle climate change.
Unilever to be carbon positive by 2030
Global consumer goods firm Unilever has announced a new target to be carbon positive across its operations by 2030.
GIB backs £10bn green projects in three years
In the last three years, the UK Green Investment Bank (GIB) has committed £2.3 billion to 58 green infrastructure projects with a total value of £10.1 billion, making it the most active investor in the UK's renewable energy and energy efficiency industries.
HSBC injects $1bn into green bond portfolio
HSBC has become the latest bank to ramp up its commitment to sustainable business with the launch of a new $1bn green bond portfolio that will be used to fund projects in the renewable energy sector.
Goldman Sachs to invest $150bn in clean energy
Banking giant Goldman Sachs has announced it will leverage $150bn into clean energy financing and investments by 2025 as it also aims to become the first US investment bank to be carbon-neutral across its operations.
1.85 million Brits financing 'positive investment' market
A record 1.85 million people across the UK have invested a total of £3.6bn in ways that to create positive social and environmental impact, according to a market update from investment platform Ethex.
BP: Oil unlikely to be fully exploited due to climate concerns
The world's oil resources are unlikely to ever be fully exploited, BP has admitted, due to international concern about climate change.
GIB raises £355m for world's first offshore wind fund
The UK Green Investment Bank (GIB) has raised £355m in the second tranche of investment for its Offshore Wind Fund, bringing the total value to more than £818m.
Development banks to deliver $51bn annual climate finance
Two of the world's largest development banks have unveiled separate commitments to boost climate-related financing by up to a third.
Paris climate talks should not put figure on finance, says World Bank vice-president
The Paris conference on climate change should not set a target for future financial assistance to developing countries, according to the World Bank's top official on climate change.
Big Switch: LED rollout would cut 2.3% of global emissions
If the world leapfrogged to LED lamps in all sectors, global electricity consumption for lighting would be reduced by more than half (52%), with 735 million tons of CO2 emissions avoided each year
Green jobs boost for Wales with clean energy hub
Plans to build a Centre of Renewable Energy Excellence in Pembrokeshire have been unveiled in Wales, in a bid to make the area an international standard-bearing for green energy.
Fossil fuel companies face world-first human rights complaint
Chevron, BP and Shell are among 50 oil companies who face an investigation from the Phillipine courts, after accusations that they have fuelled 'catastrophic climate change resulting in human rights violations'.
Bristol saves £1m a year from 20,000 upgraded streetlights
A change of bulbs in 20,000 streetlamps in Bristol has seen the council save £1m a year on energy bills, reducing C02 emissions by 4,000 tonnes in the process.
RBS unveils 8 green innovations at global headquarters
The Royal Bank of Scotland has announced the eight eco-innovations that will be trialled at its world headquarters in Gogarburn as part of its innovation sponsorship programme.
Waste from Notting Hill Carnival could power 80,000 hot showers
Westminster City Council are expecting to collect around 200 tonnes of waste from Notting Hill Carnival this weekend, which, if converted correctly will generate enough energy to power 80,000 showers.
Global investors urge food firms to address rising water risks
Investors managing more than $2.6trn in assets have sent joint letters to 15 international food and drink companies amid growing concerns over water security and pollution.
New app could cut domestic energy use by 10%
A new app that can reportedly cut household energy use by 10% is being rolled out to 200,000 Swedish homes.
Diageo saves almost 3 billion litres of water
Diageo has improved its water efficiency by more than 10% in the past year, according to the drinks giant's latest sustainability report.
Teesside set for world's largest combined heat and power biomass plant
Teesside is to be the site of the world's largest new power and steam biomass plant as part of a new £424m project.
India's clean energy revolution set to price out imported coal
India's growing renewable energy market could end the country's reliance on coal imports, a new report has found.
Standard Chartered abandons giant coal mining project
One of the UK's largest banks, Standard Chartered, has announced it is pulling out of a major coal mining project in Australia.
Albion Community Power gains £10m boost for renewable projects
A major community-scale renewable energy scheme received a £10m funding boost today (10 August), closing in on its £100m funding target.
Dogger Bank: Plans for 2.4GW of offshore wind capacity scrapped
The giant Dogger Bank offshore wind project - scheduled to consist of six individual wind farms - will not be fully built, it has been confirmed today (7 August).
Government green-lights giant Dogger Bank offshore wind farm
The Department of Energy and Climate Change (DECC) has granted planning permission for the construction of a giant offshore windfarm off the North East coast of England.
Community solar farm partnership offers local investors solar bond profits
A new joint venture will see solar farms offering returns on local investments to communities in Kent and Warwickshire.
Greenpeace holds 'Titanic' protest against Shell Arctic oil drilling
Greenpeace has today (3 August) held the opening recital of a month-long run of musical protests against Arctic oil drilling taking place outside Shell's offices in London.
World Bank rejects energy industry notion that coal can cure poverty
The World Bank said coal was no cure for global poverty on Wednesday, rejecting a main industry argument for building new fossil fuel projects in developing countries.
Majority of banks fail to encourage sustainable forestry, UN finds
The majority of financial institutions do not have policies requiring clients to comply with forestry regulations, according to a study by the United Nations Environment Programme (UNEP) revealed today (29 July).
American firms pledge $140bn to support Obama's climate action
Apple, Coca-Cola and Walmart are among 13 American multinationals that have put forward $140bn of new low-carbon investment in an announcement at the White House today (27 July).
Co-operative Bank offsets 100,000 tonnes of CO2 in 'beyond carbon-neutral' scheme
The Co-operative Bank has reported reductions in its waste and water use and sourced 99% of its electricity from renewable energy in the company's latest values and ethics report.
Green Investment Bank seals future of Sheffield biomass plant
Developers of a new biomass plant in Sheffield have secured £30m funding from the UK Green Investment Bank (GIB) and fund managers Equitix.
Summer Budget 2015: Osborne provides further uncertainty for green business
Chancellor George Osborne has brought further uncertainty to green leaders, with an emergency Budget that confirmed more taxes for renewables along with tax-breaks for oil and gas.
National Trust announces £30m for renewable energy at historic sites
The National Trust is to invest £30m in renewable energy for its historic sites, the charity announced today (6 July).
Sustainability stats: This week in numbers
This week has produced some surprising numbers, from edie readers' views on nuclear power to the Government's planned part-privatisation of the Green Investment Bank.
Green Investment Bank makes landmark investment in heat recovery project
The UK Government's Green Investment Bank (GIB) has made its 50th investment in green infrastructure projects today (24 June), three years after its launch.
10 million 'comatose' IT servers wasting electricity
Almost one third of the servers in power-hungry data centres are 'comatose', i.e. still using electricity but not delivering any useful IT service.
Banks face circular economy funding challenge, says ING
The financial industry will need to undergo a seismic shift in culture, away from the collateral value of assets and towards a cash-flow based approach to lending, if it is to support circular economy business models.
Oxford University rules out investing in coal and tar sands
The University of Oxford has ruled out future investments in coal and tar sands from its multi-billion pound endowment, but said it would not divest from all fossil fuels as demanded by thousands of students, academics and alumni.
Fossil fuels subidised by $10m every minute, says IMF
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m every minute of every day, according to a startling new estimate by the International Monetary Fund.
Green bank kick-starts Rampion south coast wind farm
The UK Green Investment Bank has today (18 May) taken a £236m stake in in the first offshore wind farm off the south coast of England, in a joint venture with energy giant E.ON.
Cameron heaps praise on 'world-leading' Green Investment Bank
Prime Minister David Cameron has underlined his support for the UK Green Investment Bank during a visit to the organisation's headquarters in Edinburgh earlier today (15 May).
World Bank releases decarbonisation guide
Countries could reduce the cost of decarbonisation by a third by enacting green policies immediately, according to a new report from the World Bank.
Campaigners fight 'biggest threat to European biodiversity in a generation'
One hundred voluntary organisations across the UK have united to protest what they are terming the 'single biggest threat to UK and European nature and biodiversity in a generation'.
Al Gore's business partner warns investors of fossil fuel risks
Two influential investment industry grandees are separately touring the City of London challenging fund managers and pension trustees to adopt radical new approaches to investments in some of the world's largest fossil fuel extractors.
RBS banks huge green savings from Innovation Gateway
The Royal Bank of Scotland (RBS) is expected to save more than 40,000 tonnes of CO2 and 200 million litres of water - equating to savings of £7.5m - each year from its 'Innovation Gateway' programme, which provides trial sites for green innovations and clean technologies.
Carbon reserves held by top fossil fuel companies soar
The carbon locked up in coal, oil and gas reserves owned by the world's biggest fossil fuel companies has swollen by 10% in the last five years, despite warnings from the World Bank and others that most existing reserves cannot safely be burned.
Labour manifesto: Red Ed goes green with energy policy
Labour released its election manifesto on Monday, reaffirming bold pledges on climate change and decarbonising the UK energy supply, but a conspicuous lack of waste-related policy.
Fossil fuel-free funds outperformed conventional ones, analysis shows
Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world's leading stock market index company.
'Smart money' flowing towards UK green infrastructure
The UK is in the midst of a green investment revolution, according to the head of sustainable finance at the Green Investment Bank.
Lloyds Bank bets big on renewables
Britain's fourth-largest bank, Lloyds, has released its 2014 Responsible Business Review, revealing a revamped commitment to renewable energy and energy efficiency but increases in water consumption.
Sustainable investors beating market expectations, claims Morgan Stanley
Investment funds that use sustainability metrics to judge their stocks are likely to outperform those that don't, according to a new study by Wall Street firm Morgan Stanley.
Government goes global with GIB
The Government has given the UK Green Investment Bank (GIB) £200m to expand its investment portfolio into India and Africa.
UK GIB dismisses 'misguided investment' criticism
The UK Green Investment Bank (GIB) has fired back at allegations that it has made "repeated errors" in assessing the environmental impact of its waste investments.
UK GIB launches 'Green Investment Handbook'
The UK Green Investment Bank (GIB) has published its 'Green Investment Handbook', outlining the processes that underpin its investment decisions.
Budget 2015: 10 hopes for energy & environment
Elections are not won on environmental policy. That is the accepted wisdom. But sustainability professionals are, by their nature, an optimistic bunch, and have been vocal in laying out their demands for Wednesday's budget - the last of the current Parliament.
Budgeting for disaster: UK's economic priorities must change, says WWF
The 2015 budget must be the first truly green budget if the UK is to transition towards a sustainable low-carbon economy, says a new report from WWF-UK.
GIB invests in groundbreaking £111m recycling plant
The UK Green Investment Bank (GIB) is one of three investors funding a first-of-its-kind £111m recycling and waste facility in Scotland.
Citi backs sustainability with $100bn finance commitment
Global bank Citi has announced a landmark 10-year $100bn commitment to finance activities that reduce carbon emissions, help communities adapt to climate change and directly finance sustainable infrastructure such as green housing.
EIB launches initiatives to support European climate and biodiversity challenges
The European Investment Bank (EIB) and the European Commission have joined forces to launch two financial initiatives with a €715m investment to encourage private sector involvement in schemes that reduce energy use and conserve natural capital.
RBS Innovation Gateway: Turning green ideas into a resource-efficient reality
Almost a year on from the launch of the RBS Innovation Gateway, the bank's head of customer innovation Marcela Navarro reveals which projects have been successful so far and explains how her initiative is helping to accelerate new products to market, drive resource efficiency and, ultimately, save money.
Green Investment Bank launches £50m fund for UK waste infrastructure
Business Minister Matthew Hancock has unveiled details of a £50m investment from the UK Green Investment Bank (GIB) into a new fund targeting small-scale recycling and waste management projects across the country.
Opening bell for UK's largest crowd-funded wind project
UK wind specialist Earthmill has launched a crowdfunding campaign to raise a record £2.5m to finance 10 new wind turbines across Britain.
£240m boost for UK offshore wind sector
The UK's position as a world leader in offshore wind power generation has been cemented with a new £240m investment from the Green Investment Bank (GIB).
Power to the people: Green Alliance calls for more public involvement in UK environmental policy
Green Alliance has launched a new strategy focused on giving citizens a greater say in the nation's green infrastructure plans.
Global free-for-all has 'water bank' running dry
An incendiary report from a NASA scientist which warns that the world's water supplies are rapidly dwindling has sparked calls for changes to UK water policy
£5bn in 2 years: Green Investment Bank drives uptake in UK renewables
David Cameron has praised the positive impact of the UK Green Investment Bank (GIB), which has ploughed more than £5bn worth of investment in 37 green energy investment projects across the country since its inception two years ago.
Britain's 'Big Five' banks urged to divest from fossil fuels
A new campaign calling for banks to stop funding fossil fuels and climate change has been launched as part of Good Money Week today (20 October).
Work due to begin on Japan's largest solar plant
A 90bn yen (£500m) loan has been granted by Japanese banks to begin construction of a new 231MW solar power station in Western Japan.
Lib Dems plan five new laws for a 'greener' Britain
The Liberal Democrat manifesto will include plans for five new laws to protect the environment, the party announced today.
Big power out, solar in: UBS urges investors to join renewables revolution
World's largest private bank predicts large-scale power stations will soon make way for electric cars and new solar technologies.
Macallan whisky distillery set to benefit from £74m green energy project
A £74m biomass combined heat and power plant will help fuel a well known whisky distillery and power more than 20,000 Speyside homes, in Scotland, thanks to backing from the Green Investment Bank (GIB).
Resource management industry urges Government to launch investigation into waste facility 'infrastructure gap'
A resource management industry group has written to a number of ministers urging them to launch an investigation into tackling the UK's waste facility "infrastructure gap".
Cabinet reshuffle: Chancellor's allies join DECC
Amber Rudd has been appointed Parliamentary Under Secretary of State at the Department of Energy and Climate Change (DECC), while Matt Hancock will replace the outgoing Energy Minister Michael Fallon.