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)
How could a no-deal Brexit affect the UK's low-carbon energy transition?
As the Brexit deadline looms and Ministers struggle to take a no-deal option off the table, leading energy and policy experts have argued that leaving the EU without a deal would considerably increase the price of the UK's low-carbon transition.
Development bank investments could halt emissions rises in developing nations, report finds
By funnelling concessional finance into renewable energy and battery storage projects in developing nations, development finance institutions could halt the rate of emissions growth across such countries altogether.
Clean200: Low-carbon corporate investments outperforming those in fossil fuels
By investing in low-carbon products and renewable energy procurement, 200 of the world's largest corporates have continued to deliver strong returns against stock market averages, despite global political, social and economic tensions.
Battersea Power Station to come back online as a low-carbon energy hub
London's iconic Battersea Power Station is set to start producing energy again in 2020 - 38 years after the last coal-fired power generation facilities at the site were decommissioned.
How to produce an engaging sustainability report: Seven steps to success
Sustainability reporting has evolved from a niche practice to a mainstream aspect of corporate governance. The modern sustainability report is a vital tool to ENGAGE with shareholders, employees, stakeholders and, increasingly, consumers.
Superficial progress: Global banks failing to deliver time-bound climate strategies
A new report has accused the banking sector of superficial progress when it comes to climate commitments, noting that uptake in low-carbon services, green bonds and reporting standards isn't being matched by demands to decarbonise portfolios.
Google launches incubator for SDG-aligned startups
Google has this week launched a new "accelerator" programme for startups, aimed at supporting new firms striving to drive progress against one or more of the UN's Sustainable Development Goals (SDGs).
Webinar: Climate activism: Redefining business engagement to help reach net-zero
Following 12 months of heightened climate awareness driven by the climate strikes that have occupied cities across the globe, businesses are no longer expected to merely operate within the planetary boundaries. Instead, an era is arising where corporates must reflect their role in society through their actions, beliefs and demands.
Meet edie's 30 Under 30 Class of 2019: Rhea Horlock, NHS Property Services
This series profiles the members of edie's 30 Under 30 - a nomination-based community of 30 hugely talented young sustainability and energy professionals who have already achieved great things or are showing fantastic promise. Next up: Rhea Horlock, CSR manager at NHS Property services.
Streamlined Energy and Carbon Reporting: edie's state of the nation report
Following the introduction of Streamlined Energy and Carbon Reporting (SECR), this new report looks at how energy and sustainability managers are getting to grips with the new compliance issue - and what the future looks like for reporting.
Food giants team up to fund Edinburgh's first on-street recycling infrastructure
On-street recycling infrastructure for food and drinks packaging has been installed in Edinburgh for the first time, as part of a campaign run by charity Hubbub and backed by businesses including McDonald's, Costa Coffee and Nestle.
Report: Local areas to miss net-zero goals without Government support
Government needs to incentivise and support local funding and devolved powers in order to move the UK's local areas to a net-zero carbon economy, a new report has claimed.
Mayors Khan and Street call for Green New Deal to empower regions on climate action
London Mayor Sadiq Khan and Conservative Mayor of the West Midlands, Andy Street, have called on the UK Government to introduce a Green New Deal that devolves power to enable regions to create a fair and just transition to a net-zero economy.
PepsiCo prices $1bn green bond to assist with plastics phase-out
PepsiCo has priced its first ever green bond at $1bn, which will be used to fund initiatives to reduce plastic content in packaging, improve supply chain engagement and management and boost water stewardship.
BlackRock launches its first dedicated circular economy investment fund
The world's largest asset management firm, BlackRock, has launched its first investment fund dedicated to accelerating the global development of a circular economy.
Mission Possible: Achieving a net-zero carbon future for manufacturing
As the movement towards net-zero carbon takes hold across the commercial sector, this fresh insight report looks at how manufacturing companies are driving forward their own goals.
UK banks 'pouring billions into fossil fuels and deforestation', despite green pledges
UK banks have allocated almost £150bn of funding for fossil fuel projects since the start of 2016 and continue to collectively hold 146 investment pots in firms driving significant levels of rainforest deforestation.
Mission Possible: Achieving net-zero carbon in Utilities
Following the UK's world-leading commitment to reach net- zero emissions by 2050, this insight report investigates how the utilities sector can radically reduce carbon whilst enabling and empowering its customers to do the same.
September Spending Round: Javid promises green 'infrastructure revolution'
Sajid Javid has committed to helping the Government fund a green "infrastructure revolution" during his first solo Commons speech since becoming Chancellor of the Exchequer.
City-based Clean Air Zones 'would boost UK economy by £6.5bn'
By implementing designated Clean Air Zones in which polluting vehicles are fined to travel, UK cities could collectively reap economic benefits of £6.5bn.
UK funding to tackle climate crisis 'must double', Government warned
Britain's biggest environmental groups have warned the government that funding to tackle the climate emergency must be more than double next year to avoid an even greater cost from catastrophic ecological breakdown in the future.
Edible drinks bottles backed by Government funding
Oohos, the edible, plastic-free packaging capsules trialled by companies such as Lucozade Ribena Suntory, have received more than £300,000 in Government funding that will help boost daily manufacturing outputs.
Biodegradable bottles and plastic-free microbeads: The 10 innovations backed by Sky Ocean Ventures
Sky's Ocean Ventures arm has selected 10 innovations - all designed to combat marine plastics pollution - to receive a share of a £6m impact investment fund.
edie Explains: Corporate Power Purchase Agreements (CPPAs)
What are Corporate Power Purchase Agreements (CPPAs) in the context of renewable energy? Which organisations are most suited to adopting CPPAs, and what are the business benefits of doing so?
UK's overseas energy aid spending on fossil fuels spirals to £4.6bn
Over the last seven years, the UK has spent 60% of its overseas support for energy investment in developing countries on fossil fuels, with more than £4.6bn spent on climate-wrecking projects.
Coors' plastic-free packaging and solar-powered trains: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
Meet edie's Sustainability Team of the Year 2019: Innocent Drinks
With entries now open for edie's Sustainability Leaders Awards 2020, this new feature series showcases the achievements of the 2019 winners and reveals their secrets to success. Up next: our Sustainability Team of 2019 from Innocent Drinks.
What does the Green Finance Strategy mean for business?
Following the launch of the UK Government's Green Finance Strategy, the chief executive of the Green Finance Institute has outlined how climate disclosure, policy signals and a robust business case for sustainability will transform how corporates engage with the finance community.
Eight reasons why green finance is becoming mainstream
Halfway through London Climate Action Week and it seems that sustainable finance is the hot topic. Here, edie explores the key drivers behind why green finance is growing from a niche interest to a business-critical concern.
Emergency response Q&A: How can business accelerate towards net-zero emissions?
The UK has declared a climate emergency and the Government has set a legally binding target for net-zero carbon emissions by 2050. This one-hour webinar takes the form of a live Q&A session with a range of climate policy and business energy experts to explore how businesses should respond to the situation.
Arriva inks telematics deal to slash bus emissions
European passenger transport company Arriva will install TomTom telematics systems in up to 15,000 buses, in a move that could reduce carbon emissions by 72,000 tonnes each year.
Private sector must be forced to invest in 'green revolution', says Labour
Labour will back measures deterring investment in fossil fuels as part of a new drive to stop the financial sector from funding global heating, John McDonnell will reveal this week.
edie explains: ISO 50001
This updated ISO 50001 guide, produced in association with edie's supporting partner Centrica Business Solutions, provides an in-depth summary of the ISO 50001 Standard which can be used by an organisation to establish and maintain a continuous level of energy performance improvements.
Climate becomes top priority in EU's 2020 budget
The European Commission proposed on Wednesday (5 June) a budget worth €168.3bn for the bloc in 2020, aimed at promoting a more competitive European economy and solidarity and security in the EU. This is the last budget under the 2014-2020 fiscal period and put climate change at the top of the agenda.
UK 'to double' aid support for climate challenges in developing nations
The UK's International Development Secretary Rory Stewart has revealed plans to double the amount of foreign aid spent on climate-related projects to over the next five years.
Business Energy Barometer: April-May 2019
edie's brand-new Business Energy Barometer report maps out the key energy drivers, challenges and opportunities facing UK businesses, based on an in-depth survey of energy managers across the country.
Webinar: Ambition into action: Scaling-up your energy and resources strategy
This one-hour webinar will hear from the leading businesses and experts that are reaching the ‘climate turning point' by scaling-up efforts to drastically reduce energy and resource use through net-zero targets and strategies.
Walmart partners with HSBC to launch green finance programme for suppliers
As part of a partnership with HSBC, US-based retail giant Walmart has developed a green finance initiative that rewards suppliers for setting, meeting or exceeding ambitious sustainability aims.
The World Bank accused of dodging 'no-coal' pledge by funnelling billions of dollars into fossil fuels
A large-scale study on hundreds of active energy projects commissioned by The World Bank Group has concluded that the body is currently financing $21bn of fossil fuel projects, compared to $7bn in the renewables sector.
Starbucks and Hubbub launch joint fund championing coffee cup recycling programmes
Environmental charity Hubbub has today (11 April) launched a new funding initiative aimed at helping local authorities and other organisations launch or scale-up coffee cup recycling schemes, after receiving funding to launch the scheme from Starbucks.
Accelerating the rEVolution: 7 business innovations in e-mobility
This insight report, produced in partnership with UK Power Networks Services, investigates some of the game-changing developments which are driving e- mobility and accelerating the sector forward into the next decade.
edie Explains: Streamlined Energy and Carbon Reporting (SECR)
What is the Streamlined Energy and Carbon Reporting (SECR) framework? What do businesses need to know about this new piece of legislation? And what compliance issues will arise from the new framework? This free edie Explains guide gives you everything you need to know.
Fresh £25m round of clean bus funding for local authorities
New funding from Government has been offered to 14 local authorities as part of the Clean Bus Technology Fund.
European Investment Bank to end financial support for fossil fuels by 2021
The European Investment Bank (EIB) has unveiled a new energy lending policy that will stop all financing for fossil fuel projects at the end of 2021 and unlock €1trn in sustainable development over the next decade.
Energy Catapult launches SME support for low carbon heating and cooling
A new programme has been launched by the government's Energy Systems Catapult centre to assist small and medium sized businesses (SME) develop low carbon heating and cooling.
BlackRock steps up ESG drive with six new low-carbon funds
The world's largest asset manager BlackRock has launched new exchange-traded funds (ETFs) that screen out exposure to "controversial" sectors, improve environmental social and governance (ESG) scores and offer a reduced carbon emissions intensity of 30%.
Government urged to rethink road taxation policy to spur EV uptake
Motoring tax needs a rethink if it is going to be fit for the twenty first century and the increase in electric vehicles (EVs), according to the British Vehicle Rental and Leasing Association (BVRLA).
Lords raise concerns over environmental protections under "no deal" Brexit
A Lords committee has written to Environment Secretary Michael Gove to raise concerns about the protection of environmental standards after Brexit.
Swansea tidal lagoon plan revived - without government funding
The backers of a pioneering project to harness energy from the tides off the Welsh coast have rebooted the scheme and believe they can build it without the help of government.
London Mayor unveils van scrappage scheme for small businesses
London Mayor Sadiq Khan has today (18 December) unveiled plans for a new £23m van scrappage scheme, aimed at helping small business owners switch from old diesel vehicles to low-carbon alternatives.
10 ideas to drive forward your energy behaviour change strategy
This report showcases the output of edie's SPARK! event, where roundable participants shared experiences of staff engagement and behaviour change initiatives and techniques, while also exploring practical steps that businesses can implement to overcome barriers and foster the desired behaviours amongst staff.
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.