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)
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.
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.
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.
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.
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.
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'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.
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.
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 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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.