EIB invests €1.5bn in green bonds

The European Investment Bank (EIB) has increased its green bond to €1.5bn (£1bn). That’s a 0.5% rise from the bank’s initial Climate Awareness Bond (CAB) for November 2023. The EIB claims it is the first institution to issue a green bond this year. Green bonds enhance the transparency of climate finance and boost the debate on […]

EU bank issues €500m green bond

The European Investment Bank (EIB) has issued a new €500 million (£397m) green bond. The Climate Awareness Bond (CAB) has a 12-year tenor, double the six-year issuance previously, which will provide investors with a “maturity that reflects the duration of renewable and energy efficiency projects”, the EIB said. CABs provide investors with the opportunity to […]

EU bank issues first GBP ‘green’ bond worth £500m

The European Investment Bank (EIB) has launched its first climate awareness bond (CAB) in pounds sterling. The £500 million issue is the EIB’s largest CAB transaction – which raises funds from fixed income investors to support EIB lending for renewable energy and energy efficiency – this year. Projects will range from wind farms and geothermal […]

Ofgem will give energy market ‘radical overhaul’

Ofgem went on the offensive today by claiming it would press ahead with an overhaul of the retail energy market in light of recent price rises. Alistair Buchanan, Chief Executive at Ofgem, said: “Responses to our reforms show that there is increasing consensus across a range of consumer and business groups that in a period […]