Nova Innovation shoots past funding target

The tidal energy developer raised £700,000, significantly more than its goal of £500,000

Prada proves green is in this season with €50m Sustainability Linked Loan

The fashion brand claims the loan, signed with Crédit Agricole Group, is the first of its kind in the luxury goods industry

World Bank splashes out with new bond for sustainable rivers and seas

Credit Suisse Securities has acted as the sole manager of the transaction

European Investment Bank to end funding for fossil fuel projects

Future financing will aim to accelerate clean energy innovation, energy efficiency and renewable energy technologies

Minesto announces rights issue share sale

The move aims to raise capital to enable Minesto to accelerate the commercialisation of its technology and expand to large-scale operations

EU finance ministers call to end fossil fuel investment

In a joint statement, finance experts from the EU have said divesting from oil, gas and coal projects would signal a significant shift in the region’s efforts to tackle emissions, pollution and climate change

Global banking sector ‘is failing to respond to the climate emergency’

Boston Common Asset Management claims green banking initiatives have not changed lending and investment practices in reality

Ørsted’s East Coast Community Fund hits £1.1m milestone

As part of the community engagement programme for Ørsted’s Hornsea One and Race Bank offshore wind farms, the fund supports local projects across Yorkshire, Lincolnshire and North Norfolk

Government announces £315m to help industry cut emissions and bills

It expects the new finance will help energy-intensive industries cut emissions by two million tonnes between 2028 and 2032

Record investment pushes Iberdrola’s net profits up 20.4% to €2.5bn

The Spanish energy giant saw investments rise by 30% to €4.72 billion (£4.07bn), 90% of which were in Renewables and Networks