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.

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NatWest purchases 100% of its energy from renewable sources

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Paris, Frankfurt and New York were noted as centres most likely to grow across the rankings over the next two to three years

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Research and development costs of the alliance members have reached more than €8.5bn in studies and projects

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The bank worked with ESG research providers Sustainalytics to create the framework

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Commercial banks are also igniting signals that funding for fossil fuels with soon be a thing of the past

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