Green finance
New fund to pave the way for low carbon and resilient cities in developing and emerging economies

It is a collaboration between ministers and directors of the Governments of Germany and Luxembourg together with the World Bank, European Investment Bank and the Global Covenant of Mayors

New York offers $50m to boost energy efficiency of buildings

The Empire Building Challenge aims to transform existing multifamily and commercial high-rise buildings using low carbon heating and cooling solutions that will increase their sustainability and energy performance

EU proposes more efficient air traffic management to reduce emissions

The upgrade of the Single European Sky regulatory framework is expected to help reduce up to 10% of air transport emissions

INEOS signs 10-year offshore wind power deal with ENGIE

It is claimed to be the largest-ever industrial wind power purchase contract in Belgium

Government proposes tax on gas suppliers to fund green gas production plants

It expects the effect on consumer bills to be ‘relatively minor’, estimated to peak at around £6.90 on an annual gas bill

Metals made from deep-sea rocks ‘could help slash environmental impact of EV batteries’

A study has found producing battery metals from underwater ‘nodules’ can reduce related carbon dioxide emissions by as much as 75% compared to mining operations on land

New platform launched to measure and visualise global emissions

The Climate Action Engine will help oil and gas companies reduce emissions by providing data to inform decision-making and evaluate whether climate actions are having an impact

‘Automotive industry must become transparent about its environmental impacts’

Swedish electric vehicle brand Polestar has committed to publishing full details of its climate footprint and urged its competitors to follow suit

More US citizens concerned about long-term threat of climate change than coronavirus

Around 35% of respondents said they now trust their government’s ability to tackle the climate crisis less than they did before the pandemic

Scottish Government launches Green Investment Portfolio

A total of 10 projects with £1.16bn of investment potential – ranging from hydrogen development and plastic recycling – are included in the first release of the portfolio