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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GIG is aiming to improve the biodiversity at each site, with a Biodiversity Net Gain Assessment to be carried out on each project

Macquarie issues joint venture on 1GW solar and battery project pipeline

Macquarie's Green Investment Group (GIG) has announced a new UK joint venture with Enso Energy to create one of the largest solar and battery portfolios that will enhance the biodiversity on each project site.

The 100-page report outlines the Government’s intention to “deliver an infrastructure revolution” that is tied to net-zero

National Infrastructure Strategy: Government to deliver 'revolution' tied to net-zero

The Government has launched its long-awaited National Infrastructure Strategy, detailing how transport, industry, energy and the built environment will be transformed to reach net-zero, with Chancellor Rishi Sunak using his spending review to confirm a £12bn commitment to the net-zero transition in 2021-2022.

The EU called on nations to learn lessons from the disruption caused by the coronavirus pandemic by improving preparedness and resilience when tackling the climate crisis

G20 urges preparedness to tackle climate crisis

As Donald Trump skipped some of the key virtual meetings between G20 leaders to play golf, the European Union (EU) has called on nations to learn lessons from the coronavirus pandemic by stepping up preparedness and resiliency to tackle the climate crisis.

Rishi Sunak is expected to outline how £100bn will be spent on infrastructure in the UK

Government set to unveil national infrastructure bank tied to net-zero

The Government is expected to unveil the long-awaited National Infrastructure Strategy (NIS) this week alongside the Spending Review, with a National Infrastructure Bank set to be created to replace the UK's involvement with the European Investment Bank and funnel capital towards net-zero projects.

The Government insists this is "only the start" of a green policy rollout

Is Boris Johnson's Ten Point Plan enough to reach net-zero?

Businesses, green groups and entire sectors welcomed the far-reaching announcement from the UK Government to issue a Ten Point Plan that would put the nation on the road to net-zero, but already analysis suggests that more is required to reach net-zero emissions by 2050.

More than half of the required £40bn annual investment lacks policy frameworks that would deliver confidence to investors that long-term returns could be generated

Investment gap: £400bn required to deliver net-zero transition, report finds

On the day that the Government unveiled a new Ten Point Plan to drive investment to assist with the net-zero transition, a new report from PwC has warned that up to £400bn needs to be unlocked and funnelled into green infrastructure to meet the 2050 national target.

The Green Alliance argues that a net-zero aligned approach to infrastructure would help the nation deliver an economic recovery from the coronavirus pandemic

Infrastructure policy placing UK's net-zero target at risk, thinktank warns

The UK's net-zero target is in jeopardy due to a lack of legislative requirements on key sectors and infrastructure, with thinktank the Green Alliance warning that there is currently an £11.4bn investment gap in reaching net-zero across transport, buildings, circular economy and natural infrastructure.

Pictured: The Peak District 

Defra doubles £40m green recovery fund for nature after huge demand

The Department for Food, the Environment and Rural Affairs (Defra) has launched a second £40m round of its Green Recovery Challenge Fund, designed to promote nature restoration and conservation, after the initial round proved to be massively oversubscribed.

Pictured: A health centre worker carrying water in Ethiopia. Image: WaterAid/ Genaye Eshetu

Report: Only 1% of global climate finance helps water-stressed communities

Of the $73bn of international climate funding provided in 2018, less than 1% was allocated to help the world's poorest people access water and sanitation, a major new report from WaterAid reveals.

Businesses which apply for the extension will have until March 2022 to finalise their appliacations

BEIS gives businesses extra 12 months to apply for RHI

The UK Government has confirmed that it will extend the Non-Domestic Renewable Heat Incentive (RHI) scheme by 12 months, in light of the impact of Covid-19 on the private sector.

Collectively, G20 nations have allocated 33% more funding to fossil fuels than low-carbon generation since March

UK's Covid-19 recovery package for energy 'not net-zero aligned', report finds

The UK Government has earmarked £3.8bn of stimulus funding for legacy fossil fuel and nuclear generation, compared to just £121m for renewables, a damning new report has claimed.

Unilever is aiming to use at least 25% PCR by 2025 and expects to double the amount it uses over the next 12 months

Unilever expects to double use of recycled plastics in next 12 months

Unilever has confirmed that 10% of its plastic footprint now consists of post-consumer recycled plastic (PCR), as the company pushes ahead to meet a target of halving the use of virgin plastic.

Mission Possible: Achieving a green recovery for hospitality and leisure

edie's Mission Possible campaign has evolved to focus on the green recovery, with a new series of reports outlining the challenges that businesses in key sectors face in relation to the coronavirus pandemic, and the opportunities that the green recovery will bring. Up next, hospitality and leisure.

NEP transportation and storage infrastructure linked to both sites could enable almost 50% of the UK’s industrial emissions to be decarbonised

Energy giants launch Northern Endurance Partnership to explore carbon capture opportunities

A group of businesses including BP, Shell and the National Grid have formed the Northern Endurance Partnership (NEP), which is aiming to develop carbon transportation and storage infrastructure in the North Sea to assist with plans to decarbonise the UK's industrial clusters.

edie explains: Science-based targets

What makes emissions targets "science-based"? How can businesses go beyond 2C alignment and strive for 1.5C? And what role do these targets play in the net-zero movement? This free edie explains guide answers all of these questions and more.

Pictured: Equipment arriving at the recycling plant in Perthshire, Scotland. Image: Recycling Technologies

Unilever and UK Government back chemical plastic recycling innovation

A joint project hoping to scale-up chemical recycling for hard-to-recycle plastics waste, involving Unilever and synthetic fuel giant Neste, has received a £3.1m grant from UK Research and Innovation (UKRI).

The Chancellor announced in March the UKEF would receive an additional £2bn to finance clean energy projects overseas

UK Export Finance could support 42,000 green jobs by reallocating funds from oil and gas

The UK Government's direct lending facility could support more than 40,000 jobs in the renewables sector annually by 2035, if it were to assume liabilities for renewable exports like it currently does for oil and gas, new research has found.

The technologies identified could add up to €790bn of gross added value to the European economy annually by 2030

Capgemini: EU must invest in high-impact climate technologies through green recovery funding

The EU must allocate portions of its €750bn Covid-19 recovery fund to emerging, innovative technologies which decarbonise energy, the built environment, industry, transport and the agri-food sector if it is to meet its net-zero goal by 2050, new analysis has found.

Depending on the individuals' net-worth, it could take as little as 5,000 people to meet the $10bn goal

New initiative to help investors funnel $10bn into climate solutions annually

By allocating just 0.25% of their savings and investments to fund not-for-profit projects aiding climate adaptation and mitigation, individual investors could collectively funnel $10bn per year into this space by 2030, a pair of ex-financiers have claimed.

Several major banks have outlined new climate targets since the pandemic began

HSBC sets net-zero target, plans $750bn of low-carbon investment by 2030

HSBC has committed to reaching net-zero financed emissions by 2050 and outlined plans to finance at least $750bn of low-carbon activities within a decade.

The Government is facing mounting pressure to join-up its approach to financing a green economic recovery from the recession

Issue green sovereign bond to finance UK's Covid-19 recovery, investors urge Government

A group of 30 major investors with more than £10trn of assets under management collectively are calling for the UK Government to launch a green sovereign bond to ensure adequate funding is put behind its mission to deliver a "green" Covid-19 recovery.

Just 2% of the world’s terrestrial habitat which is degraded and would benefit from restoration is currently receiving such attention

$500bn per year needed to halt nature loss and boost biodiversity, nations and businesses told

A coalition of more than 140 nature conservation groups is calling on governments and businesses to ensure that $500bn of funding is provided annually to protect, restore and create habitats.

The fund will expand to cover mining and extractives in the coming years

Blackrock's circular economy fund has raised $900m in its first year

BlackRock has revealed that its investment fund dedicated to accelerating the global development of a circular economy has raised more than $900m in its first year, growing from just $20m of seed funding from the asset management giant itself.

Funding from the grant will also enable the farmers to conduct their own research into soil and water usage

Sustainable MacFries Fund: McDonald's to invest in climate-friendly farming practices

McDonald's has launched a "Sustainable MacFries Fund" in partnership with McCain to improve the resilience of British potato farmers, while also collaborating with the Walmart Foundation, WWF and Cargill in the US to improve land use practices.

While climate tech still only accounts for 6% of the venture capital market, it’s representation has grown by more than 3750% in absolute terms since 2013

Climate technology investments growing five times faster than average market rates

Venture capital investment into climate-related technology is growing five times faster than the average rate of all other industry investments, with new analysis from PwC finding that corporate and investor demands for low-carbon innovation led to $16bn being invested in 2019.

CBI research shows that for every £1 spent on construction activity, £2.92 is created in wider value to the economy

UK needs 'significant' overhaul of infrastructure investment to reach net-zero, report claims

The Confederation of British Industry (CBI) has claimed that the UK Government needs to "undertake a significant programme of infrastructure investment" to enable regulators and private investment to create funding for critical net-zero infrastructure.

The handbook is free to download

edie launches new handbook on ESG excellence and best practice

edie has published a new handbook outlining the key considerations and best practice advice to collecting and compiling Environmental, Social and Governance (ESG) data that investors are increasingly looking for, in order to spur the green recovery.

An artist's rendering of the planned gigafactory. Image: Northvolt

EU invests €350m in first domestic battery gigafactory

The European Investment Bank issued a €350 million loan on Thursday (30 July) to a Swedish company that hopes to corner a significant share of the global battery market by building the "greenest" power packs available.

The IEA is forecasting an 8% year-on-year decline in coal generation - but government recovery plans could result in the coal sector rebounding

Report: Governments collectively failing to deliver net-zero-aligned coal phase-out

Coal accounted for 40% of carbon emissions from energy use last year and this trend is unlikely to be stopped by existing commitments from national governments - including so-called 'green' Covid-19 recovery strategies.

The updated deal raises spending on climate action from 25% to 30%

Coronavirus: EU's recovery deal lacking climate spending accountability, green groups warn

Following four nights of negotiations, the European Union (EU) has agreed its biggest joint borrowing plan ever recorded, pledging €750bn to a coronavirus recovery package, but green groups have expressed concerns that focus and accountability on green spending have "taken a battering".

This weekly round-up explores how businesses across the world are ramping up efforts across all areas of sustainable development

Tesco's EV charging milestone and an offshore wind boom: 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.

The largest contributor to unconditional fossil fuel financing is the US

G20 nations funnel $151bn of Covid-19 recovery funding into fossil fuels

Of the Covid-19 recovery funding allocated to energy companies by G20 governments, 56% has been handed to fossil fuel projects, equivalent to $151bn (£119bn).

The UK’s net-zero emissions target for 2050 will require every household to replace their heating system with lower carbon alternatives

Government urged to ratchet up spending into household energy efficiency

The UK Government has been urged to implement a Home Improvement Plan to facilitate more than £5bn in annual spending to improve the energy efficiency of the UK's housing stock to contribute to the net-zero target for 2050.

The survey results come as the Treasury prepares to announce new plans on retrofitting

Survey: Energy professionals believe retrofitting is key to a green Covid-19 recovery

A survey of 350 UK-based energy professionals has found that 80% want the majority of the UK's Covid-19 recovery package funnelled into 'green' industries, with energy efficiency retrofits for housing cited as the most popular route to both economic recovery and net-zero.

Sunak's speech has been long-awaited, given that other nations, including Spain and Germany, have already outlined full Covid-19 recovery measures

Green Recovery: Treasury unveils £3bn package spotlighting energy efficiency and reskilling

Chancellor Rishi Sunak has outlined the key details of a £3bn plan intended to create thousands of "green-collar" jobs, improve energy efficiency and conserve natural resources.

The Treasury will reveal more details around the recovery package next week, and is under mounting pressure to ensure that it is "green"

Brits believe a non-green Covid-19 recovery would be bad for the economy, cross-party survey reveals

A survey of more than 2,000 UK voters, in which all major political preferences were accounted for, has revealed that the majority of Brits want a "green" recovery from Covid-19, in which measures designed to boost the economy also serve to reduce pollution and emissions.

There are now less than 10 years to achieve the SDGs

One Young World: Business giants invest £500k in SDG-aligned innovations

AstraZeneca, Deloitte and BP are among a cohort big-name businesses to have jointly unveiled £500,000 of grant funding for young innovators working on projects driving progress towards the aims of the UN Sustainable Development Goals (SDGs).

Amazon to invest $2bn in low-carbon innovations

Amazon will invest at least $2bn (£1.6bn) in smaller firms creating technologies or services aimed at reducing carbon emissions to net-zero, the e-commerce giant announced on Tuesday (23 June).

Pictured: An artist's impression of the completed project. Image: Carlton Highview Storage

World's biggest liquid air battery under construction in Greater Manchester

Construction on the world's largest liquid air battery is beginning in Trafford this week, after the project secured a £10m grant from the UK Government.

Of the EU's €750bn package, €100bn should be spent on renewable energy, the letter states. Pictured: Denmark's Kattegat offshore wind farm.

Corporate clean energy sourcing must form part of green Covid-19 recovery, dozens of businesses tell policymakers

Mars, Nestle, and IKEA owner Ingka Group are among a coalition of more than 50 major businesses calling on EU leaders to build the business sourcing of renewables into the bloc's Covid-19 stimulus package, hailed globally as "green".

Fossil fuel majors are believed to have received more than £2trn in finance since the Paris Agreement was ratified

Report: Global carbon budget will be exhausted in 15 years without fossil fuel finance overhaul

Without drastic action from banks, policymakers and regulators, the world risks becoming stuck in a "climate finance doom loop", whereby financial systems support the organisations contributing most to environmental changes which undermine their very security.

The projects will receive funding and assistance to develop business plans with the aim of attracting additional private sector investment

Defra backs natural capital investment projects

Four projects focused on protecting and restoring natural habitat across the UK are being backed by Government funding as part of a pilot scheme to funnel more private sector investment into the natural environment.

Ofgem is due to make a decision on gas network investment in July.

UK's gas networks call for £900m investment into zero-carbon infrastructure

Britain's five gas networks companies have today outlined plans to spend more than £900m on zero-carbon energy infrastructure and hydrogen deployment across the UK, subject to Government approval on funding.

A “do no harm” test embedded in the taxonomy will in principle exclude technologies like nuclear power

Coronavirus: EU's €750bn recovery fund to funnel investments towards climate action

The European Union's proposed €750bn fund to help the bloc recover from the coronavirus crisis will have green strings attached, with 25% of all funding set aside for climate action, the European Commission has said.

The UK could become a world leader for green hydrogen, as it could become cost competitive much faster, due to enabling policies and low-cost and highly abundant renewable

Report: Renewables to account for three-quarters of UK's power demand by 2050

The UK could source 76% of its power demand from renewables by 2050, according to a new report from RenewableUK which claims that the nation's net-zero target will spur rapid demand for green hydrogen while attracting more than £50bn to an already world-leading offshore wind sector.

Net-Zero Resources & Waste: The Circular Economy Inspiration Sessions

Hosted during edie’s special Net-Zero Week of online content and events, the Circular Economy Inspiration Sessions offer up an afternoon of live, interactive webinar presentations and discussions – all dedicated to minimising waste and moving towards a regenerative economy.

The coalition of companies aims to begin construction in 2022, subject to additional funding, and the facility could be operational by 2025

Planning application for UK's first waste-to-jet fuel plant given green light

A planning application backed by Shell and British Airways to create the UK's first commercial-scale waste-to-jet fuel plant in North East Lincolnshire has been granted planning permission.

The Capacity Market will now be subjected to reporting and verification mechanisms that place a carbon emissions limit that will apply to all contracted technologies before July 2019

Government to introduce 'carbon threshold' for Capacity Market

The Department for Business, Energy & Industrial Strategy (BEIS) has outlined reforms to the Capacity Market auction system which will enable demand-side response technologies to bid for 15-year contracts while adding a carbon emissions limit to spur an increase of low-carbon assets offered contracts.

The empty streets of Paris as a result of the lockdown, which is only starting to be lifted in the country

Lockdown sees global emissions fall by 17%

New research has suggested that daily global carbon emissions recorded in April 2020 were 17% lower compared to the same month last year, largely due to the coronavirus pandemic and forced lockdowns and postponement in production.

30% of manufacturers had been focusing heavily on energy efficiency investments over the last year

Report: UK manufacturers boosting profits by focusing on energy efficiency

UK manufacturers that have taken steps to improve energy efficiency and decarbonise operations are reaping benefits, with 40% reporting increased profit margins and 30% experiencing increased competitiveness.

 For larger stations, up to 12 rapid charge points could be installed

2,500 by 2030: Government unveils rapid charging vision for England's roads

The Government has unveiled plans to roll out 6,000 new electric vehicle (EV) charging points across A-roads and motorways by 2035, in order to spur the adoption of zero-carbon transport.

Farming is one of the sectors most exposed to environmental and climate risk

MPs to vote virtually on Agriculture Bill

The House of Commons is set to undergo its first virtual voting procedure today (13 May), with MPs given one last opportunity to amend the Agriculture Bill which is designed to safeguard agricultural processes and the natural environment.

Mission Possible: Achieving a sustainable future for RETAIL

edie’s insight report series provides an in-depth exploration of the steps that sustainability and energy professionals within Britain's retail industry can take to achieve a sustainable future, today.

Gravitricity’s concept has secured £650,000 in government funding from Innovate UK

Gravity-based energy storage project set for Edinburgh

A demonstrator project aiming to transform old mine shafts into energy storage systems is set to be up and running in December, after the company behind the innovation agreed to a land rental agreement at a site in Edinburgh.

The hydrogen that is produced will need to be low-carbon, cost-effective and spur an economic recovery, the EAC notes.

MPs to probe role of hydrogen in net-zero transition

The Environmental Audit Committee (EAC) is to seek advice on the role of low-carbon hydrogen production and utilisation in accordance with the UK's wider efforts to spur economic growth and reach net-zero carbon emissions by 2050.

40% of banks are failing to develop financing and investing restrictions or exclusions on high-carbon portfolios

Barclays and HSBC blasted over £158bn fossil fuel financing

Banking giants Barclays and HSBC have been accused of financing a combined £158bn into the fossil fuel sector since the signing of the Paris Agreement in 2015, despite both organisations pledging to ramp up sustainable investment portfolios.

Oxford City Council has pledged to achieve net-zero carbon emissions within its own operations by the end of 2020

Oxford City Council adds electric vehicles to fleet as part of net-zero journey

Oxford City Council has had its first batch of electric vehicles (EVs) issued as both the council and the city gear up to deliver an "energy superhub" as part of a net-zero emissions trajectory.

UK Research and Innovation (UKRI) announced late last week that the Humber project’s application for phase one funding via an Industrial Strategy Challenge Fund has been approved

First funding phase approved for Humber net-zero industrial cluster

Plans to develop the world's first zero-carbon industrial cluster in the Humber region have been boosted after leading energy companies joined an existing consortium of project partners in the same week that Government funding was secured for the project.

The charities are asking for additional short-term emergency funding to cover costs for vital work.

Coronavirus: Environmental charities braced for long-term financial turmoil

Nature and conservation charities have expressed concern that the Government's £750m aid package for charities will not be enough to stop the impacts of the coronavirus outbreak from stifling efforts to tackle climate change and protect nature over the coming years.

The new tax criteria will also spur demand for plug-in hybrids

Company car tax rates for electric vehicles slashed to spur market uptake

New UK regulations that came into force this week will ensure that any businesses purchasing electric vehicles (EVs) will not pay any benefit-in-kind (BiK) tax, as the UK Government attempts to incentivise the market for EVs.

The UK’s annual food waste output in 2017 stood at 10.2 million tonnes

Government issues £3m grant to tackle food waste during coronavirus outbreak

The UK Government has issued a £3.25m redistribution fund across England to help organisations cut back on food waste by redistributing surplus stock during the coronavirus outbreak.

edie explains: Energy-from-Waste

This new edie explains guide looks at Energy-from-Waste (EfW) and the associated technologies and issues surrounding the topic.

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels, study finds

The world's largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.

Last October, the Government rejected a string of recommendations from MPs aimed at decarbonising UKEF’s portfolio

UK Export Finance accused of climate 'hypocrisy' over funding

Updated: In the same week that the UK Export Finance’s (UKEF) direct lending facility has allocated more than £2bn for clean growth projects a global NGO has accused the government body of “rank hypocrisy” for breaching OECD guidelines by supporting overseas fossil fuel projects.

The Budget is the first since the UK set its 2050 net-zero target, and may be the last before the nation hosts COP26

'A mixed picture': Key green economy figures react to the Budget's environmental provisions

After Chancellor Rishi Sunak opened his red budget box to reveal fresh funding for natural climate solutions and carbon capture and storage (CCS), edie rounds up what key green economy leaders make of the new financial measures for the net-zero transition.

Pictured: Residents of Birtadeurali in Nepal Image: WaterAid/ Mani Karmacharya

WaterAid: Global climate finance insufficient to 'save lives and livelihoods'

Half of all countries receive less than £4 per person, per year, to spend on climate mitigation and adaptation, with developing nations facing the earliest and worst climate impacts among the most underfunded.

The Peterborough-wide project is expected to cut household and business energy bills by up to 25% once completed in 2022

Peterborough unveils plans for UK's largest low-carbon 'smart-city' regeneration project

Peterborough City Council has unveiled a plan to host the UK's largest smart, low-carbon city energy system including renewable electricity generation, energy storage and heat networks.

Green corporate investments made in 2019 will mitigate 2.4 gigatons of emissions over their lifetime - but a rapid upscaling is needed to meet net-zero by mid-century

CDP: Europe's biggest corporates must double green investments to reach net-zero

Some 880 of Europe's largest businesses collectively invested €124bn (£103.8bn) in low-carbon initiatives in 2019 - but this equates to just 12% of their capital expenditure, when 25% will be needed to meet the EU's 2050 net-zero target.

As of September 2018, Bezos's net worth has stood around the $152bn mark

Amazon founder Jeff Bezos unveils $10bn climate fund

Amazon founder Jeff Bezos, widely regarded as the richest man in modern history, has pledged to funnel $10bn (£7.7bn) of his personal fortune into a new fund aimed at tackling climate challenges.

Steel is widely regarded as a hard-to-abate sector, with the production of every tonne of material emitting 1.8 tonnes of CO2. Image: Leeds University 

UK universities receive £1.26m boost for low-carbon steel roadmap

Scientists at the Universities of Sheffield and Leeds have been awarded £1.26m to accelerate their work developing low-carbon solutions for the steel sector.

Each of these success stories exemplifies how businesses are ramping up ambitions and actions in all areas of sustainable development 

RBS's climate goals and Aldi's plastic bag crackdown: 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.

Johnson’s preference to fill the Treasury with his own advisors suggests that he seeks more control over the spending decisions.

Cabinet reshuffle: Is the promised 'green budget' in doubt?

Earlier this week Chancellor Sajid Javid was said to be reviewing a string of new subsidies to assist with the UK's net-zero transition. With Javid today (13 February) resigning from the position, doubts have been caused as to whether the UK Government can prioritise the green economy in the March Budget.

The panel included representatives from the finance, environmental services, engineering, cement, food manufacturing and retail sectors. Image: Aldersgate Group

Carbon trading clarity and citizens in the spotlight: What do businesses want from COP26?

With a successor to the COP26 presidency role yet to be announced, all eyes are on Westminster for news on its plans for organising the crucial summit. But - beyond a stable delivery team - what are UK business's big asks of the conference, both in terms of organisation and execution?

Grants of between £20,000 and £100,000 will be awarded from the new fund

Government unveils fresh funding for business fight against food waste

The UK Government has announced a new £1.15m funding pot for businesses and non-profits aiming to reduce food waste in households and supply chains through behaviour change.

UK charitable foundations provide more than £4bn of funding every year 

Comic Relief among charities pledging to end fossil fuel investments

Comic Relief, Power to Change, and Guy's and St Thomas' Charity are the latest organisations that have committed to end all fossil fuel investment and adopt a new ethical approach to investing, after joining the Funder Commitment on Climate Change.

30 Under 30: The 2020 Playbook for Sustainability and Energy Professionals

Produced as part of edie's 30 Under 30 initiative, this Playbook offers practical advice on how sustainability and energy professionals can embody 'excellence' in 2020.

The pledge will cover all 11 of Lloyds Banking Group's brands

Lloyds Banking Group to halve carbon emissions of investments by 2030

Lloyd's Banking Group has pledged to halve the carbon emissions generated by projects it finances by 2030, in support of the UK's 2050 net-zero target.

The much-anticipated fund was unveiled on Tuesday 

EU unveils €100bn fund for 'just' low-carbon transition - which excludes nuclear

The EU's regional policy Commissioner Elisa Ferreira revealed on Tuesday (14 January) details of the €100 billion Just Transition Mechanism, a key financial component of the European Green Deal that should make the bloc climate neutral by 2050.

Chancellor vows to prioritise the environment as Budget date set

Chancellor Sajid Javid has confirmed that the UK's next Budget will be held on 11 March, promising fresh spending across the nation's green economy.

Earthshot Prize: Royals aim to spur 'decade of action to repair planet'

The Duke and Duchess of Cambridge have partnered with Sir David Attenborough to launch the 'Earthshot Prize' - a new fund for individuals and organisations working to restore the environment.

Organisations set to benefit from the donations include The Rivers Trust, The Carbon Literacy Project and Friends of the Earth 

Patagonia's Black Friday campaign raises $20m for environmental causes

Outdoor clothing company Patagonia's Black Friday fundraiser for environmental organisations has hit its $10m (£7.6m) target in just 17 days - meaning the firm will now donate $10m of its own to these causes.

8 steps for overcoming the behavioural change challenge

During the SPARK 2.0 event, energy and sustainability professionals discussed the barriers to behaviour change and how businesses could harness the wider awareness of the climate strikes to engage all staff members on the need to manage energy use.

Images: UNClimateChange Flickr

America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.

Tesco commits £10m to combat deforestation from soy production in Brazil

Tesco has committed £10m over the next five years to fund a new initiative to transition to producing deforestation-free soy in the Cerrado region in Brazil.

New report reveals surge in employee engagement on energy issues

EXCLUSIVE: The UK's declaration of a climate emergency combined with the recent climate strikes and protests has fuelled a surge in awareness of energy issues among employees across the country, according to the latest Business Energy Barometer conducted by edie.

edie energy managers' survey reveals ESOS 'not worthwhile'

The latest Business Barometer of energy managers for the final quarter of 2019 has revealed the challenges and opportunities ahead of 2020, with many outlining ESOS as a key challenge.

The MPs are calling for the Government to level up areas of the North through green measures

MPs set out vision for net-zero Northern Powerhouse

Conservative MPs representing the North of England believe that the Government's Ten Point Plan and the net-zero target can contribute to a levelling up agenda that would create thousands of green jobs in the North.