EU proposes 60% funding boost for environment, climate projects

It is planning to provide £1.7bn under the next EU budget between 2021 and 2027

UN appoints Michael Bloomberg as special climate envoy

The former mayor of New York City hopes US President Donald Trump will change his views about climate change

New alliance to drive faster climate action on transport

A new alliance to push for faster climate action on transport has been launched. Members of the Transport Decarbonisation Alliance, which was announced at the UN COP23 conference, will also strive to bring greater co-ordination between national, local and corporate action. It has been initiated by France, Portugal, the Netherlands and Costa Rica. According to […]

German bank and green fund sign deal to raise private finance

Deutsche Bank and the Green Climate Fund (GCF) have signed a deal to raise private capital for environmental action. The Accreditation Master Agreement (AMA) will enable the bank to use GCF funds to mobilise private investment for climate change mitigation. GCF has already approved the first funding proposal from Deutsche Bank, which combines capital from GCF and private investors to […]

German stock exchange joins green finance scheme

A German stock exchange has joined a green finance initiative. Deutsche Börse announced it has become part of the Climate Bonds Initiative Partners Programme, where it will develop climate finance solutions, participate in market development committees and help define policy agendas for national, regional and sector based schemes. The group aims to accelerate the use of green bonds and other green […]

UN-Korea announce training for climate action transparency

A new professional training programme on the transparency of climate action and support has been launched. The UN Framework Convention on Climate Change (UNFCCC) and the Republic of Korea Greenhouse Gas Centre have signed a Memorandum of Understanding to provide professional training on greenhouse gas (GHG) inventories to national experts from developing countries. GHG inventories […]

EU lends €150m for climate action projects in Chile

The European Investment Bank (EIB) is lending €150 million (£119.8m) for projects aimed at tackling climate change in Chile. It will help finance large and medium-scale renewable energy schemes, including solar, wind and biomass projects as well as transmission lines for transporting clean energy. The loan is being granted under the EU’s Facility for Energy […]

Europeans say climate action can boost economy

Four out of five people in the European Union recognise that fighting climate change and being energy efficient can boost the economy and employment. According to the Eurobarometer, nine in 10 Europeans consider climate change a serious problem facing the world after poverty and the economic situation. Half of those in Europe said they have […]

EU boosts funding to €3.45bn for environmental projects

The European Commission has agreed to provide €3.45 billion (£2.97bn) worth of funding for a programme involved in financing climate and environmental projects. Called LIFE, the programme – launched in 1992 – is the EU’s financial instrument for climate protection projects. The increased funding will be made available from 2014 to 2020, with €2.59 billion […]

Small US businesses to save energy with $24m fund

The US Department of Energy has awarded $10 million (£6.57m) to help small businesses implement energy efficiency improvements in a bid to save energy and cut bills. The investment will be matched by at least $14 million (£9.2m) in private sector funding and will be used for six commercial building projects. This includes schools, churches, […]