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)
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.
Green Investment Bank sold to Macquarie in £2.3bn deal
The UK Government has completed the sale of the Green Investment Bank (GIB) to Australian investment bank Macquarie today (20 April) for a sum of £2.3bn.
Minister responds to fears over GIB restructuring
Business and energy minister Nick Hurd has written to the head of the Environmental Audit Committee to respond to concerns over the restructuring of the Green Investment Bank ahead of its sale.
Budget 2017: Chancellor confirms electric vehicle funding, announces new recycling targets
BREAKING: Key proposals on the future of carbon pricing, renewable energy subsidies and air quality remain on the UK Government's 'to-do' list as Chancellor Philip Hammond offered relatively little for the green economy to get excited about in his 2017 Budget this afternoon.
Explanation demanded for GIB restructure
The chair of the Environmental Audit Committee has written to business and energy minister Nick Hurd to challenge government's plans to privatise the Green Investment Bank.
Is the Green Investment Bank sale on the rocks?
The future of the Green Investment Bank (GIB) was thrown further into doubt this week, as a rival bidder called for a Government rethink on the prospective sale to Australian bank Macquarie.
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.
BlackRock: UK's largest renewables fund passes £1bn mark
The world's largest investor has raised the largest fund for renewable power generation in the UK, totalling £1.1bn in commitments, with more than £600m already funnelled into 40 UK solar and windfarm projects.
Sector insight: The state of sustainability in retail
This edie insight report explores some of the key drivers, challenges and opportunities facing sustainable business within the UK retail sector.
Sustainable manufacturing roundtable: Turning challenges into opportunities
Sustainability and energy management experts from some of the world's biggest businesses recently gathered in London for an exclusive roundtable hosted by edie and British Gas, to explore the role of the manufacturing sector in shaping the future of energy.
Bridging the gap: How Capgemini's new CSR head has gained valuable insight into boardroom buy-in
EXCLUSIVE: Global IT consultancy Capgemini has appointed its former chief financial officer, Christine Hodgson, as its head of group corporate social responsibility. edie took the opportunity to sit down with the new promotee to discuss the key challenge of securing funding for sustainability projects.
In practice: Costa's new low-carbon coffee roastery
What makes Costa Coffee’s new £38m roastery in Basildon "one of the most sustainable buildings in the world"? This free case study provides an overview of all the low-carbon and resource-efficient features of the retailer's flagship sustainability project.
Power Forward: How the largest US companies are capturing business value while addressing climate change
The largest US companies are increasing their clean energy and energy efficiency efforts while improving their bottom lines.
edie explains: ISO 20400
This edie explains business guide, produced in association with edie's supporting partners Action Sustainability and BSI, provides an in- depth summary of the new ISO 20400 Standard which is the world's first international standard for sustainable procurement
Energy Transitions Commission: Better energy, greater prosperity
The Energy Transitions Commission’s flagship report sets out achievable pathways to limit global warming to well below 2C while stimulating economic development and social progress.
Planning for a circular economy
The Environmental Services Association, the voice of the UK’s resource and waste management industry, has set out a number of recommendations to more closely align the planning system with the strategic objectives of the circular economy.
CCS key to meeting climate change targets say ETI
Carbon capture and storage (CCS) is the most cost effective way of meeting climate change targets and needs to be deployed sooner rather than later, according to the Energy Technologies Institute (ETI).
G20 set to scale back climate funding pledges
Pledges from G20 nations to finance climate mitigation strategies, including the $100bn fund for developing countries, could be set aside, with ministers instead calling on development banks to raise private capital to meet the bill.
World Bank unveils first green bonds linking business actions to SDGs
The World Bank has issued its first ever set of green bonds that directly link financial returns to companies performing to the standards and aims on the United Nation's Sustainable Development Goals (SDGs).
Councils benefit from multi-million pound clean air funding pot
Councils from Nottingham, East Herts and Bristol and South Gloucestershire are amongst those to benefit from this year's £3.7m Air Quality Grant programme, aimed at assisting local authorities in enhancing air quality levels in their areas.
Low-carbon vehicles claim record UK market share
Low-carbon vehicles secured a record share of the UK new car market last month, the Society of Motor Manufacturers and Traders (SMMT) has claimed.