DEFINITION: The financial institution was created by the UK Government in November 2012 to invest in green projects on commercial terms and mobilise other private sector capital into the UK's green economy. The GIB has invested £2.7bn in more than 85 UK green infrastructure projects, ranging across wind energy, biomass and energy-from-waste (EfW) facilities. In April 2017, the UK Government completed the sale of the GIB to Australian investment bank Macquarie today (20 April) for a sum of £2.3bn.
Green Investment Bank (GIB)
From the UK to Vietnam: Five things you probably didn’t know about global renewables investment
Global investment into renewable energy for the first six months of 2018 is down 1% compared to the previous year, according to a Bloomberg New Energy Finance (BNEF) report. Here, edie dives into the data to bring you five of the most important trends shaping the world market.
UK to host new Green Finance Institute
The Government will fund a new Green Finance Institute alongside the City of London Corporation to "champion sustainable finance" in the UK and abroad.
Government launches £102m fund for clean energy research
The UK Government has launched a £102.5m investment programme in a bid to tackle the challenges the UK faces as the renewables revolution continues, suggesting that the nation's energy sector could soon be poised to take clean power sources mainstream.
MPs decry 'worrying collapse' of clean investment
MPs have called on the Government to secure low-carbon energy investment after a "dramatic and worrying collapse" since 2015.
Green Finance Taskforce outlines UK clean investment to-do list
The Government's green finance advisers have put forward a ten-point list of investment guidelines which they believe would accelerate the UK's global low-carbon leadership credentials.
Climate policies place $1.6trn fossil fuel costs at risk, report warns
Fossil fuel companies are exposed to $1.6trn in potential expenditure by basing business decisions on existing policies rather than international climate goals, while businesses committed to sourcing 100% renewable electricity will require $94bn to reach their goals.
New Year Honours 2018: Sustainability champions make Queen's list
The 2018 New Year Honours list has recognised the outstanding achievements of a number of senior figures across the UK's green economy.
HSBC pledges $100bn to sustainable finance
As Bloomberg New Energy Finance (BNEF) releases findings showing that energy investment in emerging markets suffered its largest year-on-year decline, HSBC has pledged to provide $100bn in sustainable financing by 2025 - as part of a new batch of climate-related commitments.
Green Investment Group makes first investment under Macquarie ownership to support EfW plant
A £38m energy-from-waste (EfW) facility in Yorkshire has become the first project to receive financing from the newly formed Green Investment Group (GIG), formerly known as the Green Investment Bank.
Green Party slams GIB sell-off
The co-leader of the Green Party has warned the controversial sell-off of the Green Investment Bank (GIB) is bad news for "everyone who cares about the future of renewable energy".
Macquarie finalises £2.3bn Green Investment Bank deal
Australian bank Macquarie has vowed to keep the Green Investment Bank (GIB) at the forefront of the UK's low-carbon transition, after today (18 August) completing the controversial £2.3bn takeover from the British Government.
Clean energy stocks outpacing fossil fuel investments in Trump era, report finds
Global clean energy stocks have surged past investments in fossil fuels in the past year despite the political shockwaves caused by Donald Trump's US presidency, new research has found.
McDonald's joins Starbucks to fund new coffee cup innovations
McDonald's has committed £3.8m ($5m) to help research, develop and commercialise recyclable and compostable coffee cups, joining Starbucks as a founding member of the NextGen Cup Consortium and Challenge.
UK’s climate fund to support developing nations reaches £4bn
The UK has mobilised more than £4bn in public and private funding towards tackling climate-related challenges in developing countries since 2011, reducing or avoiding more than 10 million tonnes of greenhouse gas (GHG) emissions as a result, according to new Government figures.
London Mayor launches £500m energy efficiency fund for businesses
The Mayor of London, Sadiq Khan, has today (July 9) launched a £500m fund to help SMEs, universities and public-sector organisations across the capital install energy efficiency measures in their buildings as part of his bid for London to become a "zero-carbon" city by 2050.
CityTrees and electric bin lorries: the best green innovations for Clean Air Day
To mark Clean Air Day (21 June), edie has rounded up some of the ground-breaking innovations being explored by companies across the globe as we look to tackle the dangers of air pollution.
C&A Foundation commits more than £1m to circular fashion innovations
C&A Foundation, the corporate foundation affiliated with global fashion retailer C&A, will invest more than £1m (€1.29m) in a string of initiatives aimed at accelerating the industry's transition to a circular economy.
£5m Lottery grant to help FareShare divert 25,000 tonnes of food from landfill annually
Food redistribution charity FareShare claims that the £5m of National Lottery funding it has been awarded this week will enable it to almost double the amount of food it redistributes and diverts from landfill.
'From coal to clean' - UK does not need to turn to gas, says WWF
The UK has no need to build new large gas-fired power stations to replace the coal plants that the government has pledged to switch off by 2025, the World Wide Fund for Nature has argued.
Lloyds launches £2bn Clean Growth Finance scheme
Lloyds Banking Group has announced it will be providing a further £2bn of funding for sustainable investments, increasing its total UK green finance commitments to £3bn.
Subsidy cuts slow growth of independent renewables, report finds
Investment in new, independent renewable energy projects in the UK totalled £227m in 2017, down by almost 20% from 2016 figures, according to a new report published this week.
Ministers' £400m plan for electric car charging infrastructure delayed
A £400m government plan to build electric car charging points looks likely to be significantly delayed, in a blow to car manufacturers and efforts to tackle air pollution in UK cities.
WEBINAR: How to uncover savings and improve your operational performance through energy insight
Our expert panel will discuss how to use advanced energy insights to help you to uncover savings and improve your operational performance.
UK Government launches £220m Clean Air Fund
The UK Government has unveiled a £220m fund to improve air quality across the most polluted areas in the country, alongside a £40m support scheme for local authorities to combat air pollution.
NatWest delivers £3.5bn low-carbon lending in three years
Banking giant NatWest has pledged to deliver of £10bn lending to UK renewable energy and energy efficiency projects by 2020, having provided £3.5bn over the past three years.
London ranked as global leader in green finance movement
London has been ranked as the best financial hub in the world for green financing offerings, with a new report predicting that the market for green offers will grow "substantially in size and quality".
Energy storage investment fund to raise £100m on London Stock Exchange
The world's first listed investment fund targeting energy storage developers and projects is attempting to raise £100m after floating on the London Stock Exchange.
Greater Manchester launches £15m infrastructure renewables fund
The Greater Manchester Combined Authority has created a new £15m loan fund for property developers and infrastructure providers to increase uptake of renewable energy use on development projects.
Honda to play central role in V2G demonstrator project
Car giant Honda has teamed up with other firms, local bodies and academic institutions for a new project that aims to demonstrate the business case for Vehicle-to-Grid (V2G) technologies across the UK.
Scottish SMEs offered 'cashback' loan for energy-efficiency projects
Small businesses in Scotland have been encouraged to take advantage of a new "cashback" scheme that could enable them to cut annual energy usage by a quarter and save up to £10,000 in the process.
Santander invests £28.5m in UK battery storage firm
Banking firm Santander has become one of the first senior debt lenders to provide financial support to the energy storage sector, after backing an independent UK battery developer with a £28.5m funding investment.
World's largest automotive alliance launches $1bn fund for future driving innovations
The world's largest automotive alliance has today (10 January), announced a new corporate venture capital fund to provide up to $1bn in investment for innovative electrification, autonomous and connectivity projects.
Taking the lead on energy: 10 business examples of low-carbon innovation
The global energy system is undergoing a radical transition. Renewable energy costs are tumbling and new approaches to energy management such as battery storage and demand response are offering new ways for organisations to operate more sustainably.
edie Explains: Greening your fleet
What are the business benefits of transitioning to low-carbon vehicles? Which fuel types are the most efficient? And what role can technology play in changing driver behaviours? This free edie Explains guide provides everything you need to know when it comes to greening your fleet.
Barclays updates green bonds to capture 'compelling' economic opportunity
Barclays has signified its shift towards a low-carbon economy, by announcing a set of green finance products that will help promote sustainability in the UK and across the globe.
World Bank, major businesses and nations unite against coal funding
The One Planet Summit in Paris has signalled the beginning of the end for the coal industry, after the World Bank, numerous financial institutions and a group of nations and major businesses all pledged to phase out fossil fuel funding and use.
Hubbub's Community Fridge Network secures funding for national expansion
Environmental charity Hubbub's Community Fridge project to reduce the amount of food waste generated in the UK looks set for a national expansion, after the charity secured £160,000 in National Lottery funding.
edie Explains: Energy storage
How does energy storage work? What are the business benefits of commercial battery systems? And how can they interact with other onsite energy technologies? This free edie Explains guide gives you everything you need to know.
Centrica Business Solutions: Resilience
UK businesses without an energy resilience strategy are risking 17% of their revenue, equating to £2.8m each year in damages and lost opportunities. This is a key finding from Centrica Business Solutions’ research into the current state of energy resilience.
edie Explains: Building energy management systems (BEMS)
In the latest in the edie Explains series, we look at building energy management systems (BEMS), exploring what they are, what they do and what the business benefit is.
edie Explains: Energy resilience
Energy resilience is about ensuring a business has a reliable, regular supply of energy and contingency measures in place in the event of a power failure.
edie Explains: The green office
The purpose of a green office programme is to enable a business to improve the efficiency of its everyday operations by taking practical steps to reduce office resource consumption and implement more sustainable practices that benefit both the organisation and its employees.
Commons launches electric vehicle inquiry
The increased demand on the grid from the mass roll-out of electric vehicles (EVS) will be under the spotlight in a new House of Commons inquiry.
edie Explains: Solar PPAs
A power purchase agreement (PPA), is a contract between an energy generator and an energy buyer or ‘end-user’. PPAs can provide a fixed price for energy generated over the duration of the contract, removing exposure to energy price volatility and allowing for accurate and predictable cost planning.
London boroughs to add 1,500 electric vehicle charging points
The Greater London Authority (GLA) and Transport for London (TfL) have allocated £4.5m to 25 London boroughs to roll-out 1,500 new charging points for electric vehicles (EVs) across the capital.