Green Investment Bank (GIB)

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.

Related items

The government completed the sale of the GIB last week

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".

The Green Investment Group (GIG) will look to invest at least £3bn of new investment into the green economy over the next three years under Macquarie’s ownership

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.

Researchers insists that the market forces driving the economic benefits of clean energy are far more powerful than a small group of climate-sceptic politicians

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.

The privatisation of the Green Investment Bank has faced a wave of opposition from green campaigners and senior officials in Westminster

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.

Hurd  repeated the reassurance that the government’s main objective in the privatisation process is to “ensure that any sale protects the Green Investment Bank's (GIB) green values

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.

Chancellor Philip Hammond delivered his first Spring Budget speech this afternoon, but it contained little for sustainability professionals to get excited about

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.

Since the sale process began there have been unconfirmed reports that Australian bank Macquarie is the government’s preferred buyer

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.

Reports suggest the preferred bidder has already lined up a series of potential buyers for the GIB’s most valuable assets, which include wind farms

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.

The preferred bidder has received criticism for its asset stripping reputation and management of other large infrastructure firms including Thames Water

Fears mount over Green Investment Bank sale as MPs warn of asset-stripping

MPs have today (11 January) raised concerns over the proposed sale of the Green Investment Bank (GIB) to private investors in a letter which urges Business, Energy and Industrial Strategy (BEIS) Secretary Greg Clark to consider the bank's long-term role in the green economy.

The battery project will provide evidence on whether solar panels can supplement evening energy use and whether the technology can effectively reduce energy bills

London councils commence innovative solar battery project and LED retrofit

Councils across London are kick-starting the capital's 'smart city' transformation, with a new LED retrofit backed by the Green Investment Bank (GIB) and an innovative solar battery project set to commence.

Barker (right) said the plans heralded a

Halt GIB sale to prevent asset stripping, says Barker

The Government should halt the sale of the Green Investment Bank (GIB) to prevent it being broken up and stripped of assets, former Energy Minister Greg Barker has insisted.

According to a study published by the European Commission last November, the green bond market was worth a total of $41 billion in 2015

France becomes second country to issue green bonds

France today (3 January) launched its first green bonds, becoming only the second country to do so, after Poland. But the absence of international standards has raised questions at the European Commission.

Construction of the plant will likely be completed by 2019 and is expected to create hundreds of jobs

GIB commits £35m to North Wales energy-from-waste-plant

Green Investment Bank has committed £35 million of senior debt to the construction of a new energy-waste-plant in North Wales.

Ecotricity customers will be offered a return of 5% gross per annum, with a rate of 4.5% for all other investors

Ecotricity's green bond raises £12m in one month

Green energy supplier Ecotricity's latest foray in the UK renewable energy market has led to more than £12m of applications for its fourth corporate mini-bond ahead of tomorrow's (30 November) deadline.

With a background in the public, private and voluntary sectors, Dr Bevis Watts sees an opportunity for a radical new approach to banking

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.

TfL claims that the London fund will support innovative new approaches, such as using lampposts as charging stations

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.

The latest round of funding commitments was built on existing relations with clients, who accounted for 70% of the added £475m

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 summary: 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.

sustainability and energy management experts from manufacturing firms across the country came together to discuss the potential solutions to some of the biggest challenges facing the 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.

From CFO to CSR: Christine Hodgson's move from finance to CSR has given her a unique insight into how to secure buy-in for sustainability projects

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.

In practice: GSK funds UK's first carbon-neutral laboratory

Designed for Nottingham University and built by engineering firm AECOM, the new GlaxoSmithKline (GSK) Carbon Neutral Laboratories for Sustainable Chemistry project is a world-first, earning the highest certifications under the BREEAM and LEED standards and driving impressive savings.

Last week, the Treasury denied forcing the now-defunct Department of Energy and Climate Change (Decc) to axe a competition for carbon capture and storage pilot projects in late 2015

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).

The G20 had stressed the importance of “scaling up green financing” in partnership with the private sector in order to shift trillions of dollars from dirty to clean investments

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.

The World Bank's head office. Photo: World Bank

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).

Nottingham Castle, where the nearby council will benefit from two £200,000 funding grants

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.

There have been 85,581 eligible cars registered since the 2011 launch of the Plug-In car grant, according to statistics

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.

It is unlikely that Trump will continue to provide for the Green Climate Fund, which was one of the major reasons that the Paris Agreement was approved

Obama injects $500m into Green Climate Fund

Just three days before he leaves office, outgoing president Barack Obama has moved to protect the momentum of the Paris Agreement through a new $500m instalment into the Green Climate Fund.

Carbon Trust: ZERO WASTE TO LANDFILL

How your organisation can reduce its environmental impact through reuse, recycling or recovery

The World Bank officially launched the partnership during COP22 in Marrakech, but this is the first time the Carbon Trust has issued a statement on its involvement

Carbon Trust joins World Bank project to boost clean innovation in emerging countries

Consultancy firm the Carbon Trust has teamed up with the World Bank in support of its new Climate Business Innovation Network (CBIN) to help commercialise clean technologies across developing countries.

The £40m grant for cleantech innovation is part of the BEIS’s Energy Innovation Programme

BEIS re-appoint CLT to help commercialise cleantech

Low-carbon consultancy specialist Carbon Limiting Technologies (CLT) has been re-appointed by the Department for Business, Energy and Industrial Strategy (BEIS) to help deliver funding to support new energy innovations.

As part of the new contract, the company will install charging points in the proposed EV Experience Centre, set to be launched next year, in the Centre:MK

Milton Keynes announces £2.3m EV charging infrastructure expansion

One of the four UK cities set to act as a pioneer of green vehicle technology has agreed a new £2.3m contract to "significantly expand" the public charging network for electric vehicles (EVs) in the area.

DfT confirmed details of the new £390m funding for future transport technology, and outlined several proposals to develop renewable fuels in aviation

Government prepares for green transport revolution with EV and sustainable aviation frameworks

British transport is set for a significant low-carbon boost with several new Government consultations and funding schemed announced over the past few days in a bid to drive a green transport overhaul.

Zero Waste Scotland predicts that businesses could save £2.9bn per year through using energy, water and raw materials more efficiently

Scottish SMEs could save £19,000 per year through energy efficiency measures

Scottish small and medium-sized enterprises (SMEs) are wasting £19,000 every year by neglecting simple energy efficiency improvements, according to Zero Waste Scotland.

Speaking at an event in Frankfurt, Carbon Trust chief executive Tom Delay suggested that current markets aren’t acting as a catalyst for low-carbon deployment

New business models required to move away from resource inefficiency, says Carbon Trust chief

Businesses must capitalise on the positive momentum of the ratification of the Paris Agreement on climate change by introducing new business models that place low-carbon energy and resource efficiency at the heart of operations.

The fresh funding commitment will see thousands more electric vehicle chargepoints installed on streets and at workplaces across the UK

Government provides £35m funding boost for ultra-low emission vehicles

A £35m funding package to increase the uptake of ultra-low emission vehicles (ULEVs) has been announced by Transport Minister John Hayes.

Prototyping expert Tom Chi was among the mentors of the inaugural UK Unreasonable Impact programme, which provided eco-entrepreneurs with resources and mentorship to scale-up. Photo: @UnreasonImpact/Twitter

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.

Final figures for 2015-16 show that Wales is recycling double the waste it did a decade ago and is exceeding the current statutory recycling target of 58%

Wales doubles recycling rates in 10 years

Wales continues to lead the UK on waste management as new recycling figures for this year reveal that the country has doubled the amount of waste it has recycled over the past decade.

Zero Waste Scotland chief executive Iain Gulland and Cabinet Secretary for Climate Change, Environment and Land Reform Roseanna Cunningham at the Scottish Resources Conference 2016 in Edinburgh

Scotland opens up 'circular regions' funding to drive SME resource revolution

Scotland's Cabinet Secretary for Climate Change, Environment and Land Reform Roseanna Cunningham has this week announced a targeted funding call to better support the nation's SMEs in embrace the shift to a circular economy.

Since 2010, PepsiCo Recycling has partnered with over 100 colleges and universities to support campus recycling programmes, providing more than $70,000

PepsiCo extends innovation fund to educational institutions

PepsiCo's recycling branch has announced plans to expand its college and university eco-innovations programme through its Zero Impact Fund, where educational institutions can receive up to $10,000 from PepsiCo to support sustainable initiatives.

A Resourceful Future – Expanding the UK Economy

This report by SUEZ reveals that more than £9bn could be added to the UK economy by integrating circular economy principles into the country’s emerging industrial strategy.