Citi commits $100bn to tackle climate change

Citigroup has pledged to invest $100 billion (£64.7bn) in the next 10 years for projects that reduce the impacts of climate change. The bank, believed to be the third largest US financial institution, said it will use the cash to finance green initiatives such as managing waste and making buildings more energy efficient. It is […]

Citi banks on green data centre for energy savings

Global bank Citi hopes to reel in the savings by cutting its London data centre’s energy use by 10%. Its the first project in the financial services sector backed by the UK Green Investment Bank (GIB). The green lending group is stumping up £5.2 million via its fund manager Sustainable Development Capital (SDCL). A Combined […]

Firms offered £20,000 to curb Londoners’ energy use

Small businesses in London are being offered a package worth £20,000 to come up with innovative solutions to reduce the capital’s electricity demand at peak times. Mayor Boris Johnson is calling on firms to submit “21st Century solutions” that will incentivise households to avoid using electricity when demand is high to reduce pressure on the […]

Citigroup flags up risks of investing in renewable

Investors have been warned that Scotland could be a risky place to put money into renewable projects by a leading financial analyst firm. Citi’s latest report warns that two key Scottish policies – plans for a referendum to break away from the UK and an “aggressive” strategy to develop renewable energy – could be incompatible. […]