Bids invited for share of £5m for green home finance products

It will back projects that develop innovative green mortgages and other lending products, targeting consumers who would not get support under government schemes

US announces $40m in funding for new hydrogen tech

The new financing aims to enable affordable and reliable large-scale hydrogen generation, transport, storage and utilisation

Faraday Grid enters administration

The firm, which aimed to commercialise its flow control devices and modernise the UK grid, has gone bust after running out of funding

Cost of energy ‘has tripled in the last 20 years’

Compare The Market says the average domestic cost of gas has risen by 221% over the period, the price of electricity has risen by 193%

EU bank lends €5m for green loans in Dominican Republic

The loan will be used to help homes and businesses finance energy efficiency and renewables projects

More than 20 multinational businesses commit to 1.5°C climate goal

The firms, worth more than $1.7 trillion, have made the climate pledges through the Science Based Targets initiative

Ofgem sets out medium-term objectives amid changing energy sector

The regulator notes its main priority is to continue to ‘protect the interests of existing and future consumers’

Almost half of largest-emitting firms still not ‘adequately considering climate’

A study published by the Transition Pathway Initiative also notes 25% of companies still do not disclose their carbon emissions

Solar power project in Ukraine secures €34.7m financial backing

The 55.4MW project is expected to reduce carbon emissions by more than 36,000 tonnes a year

England’s water companies ‘must improve poor performance’

The Consumer Council for Water has criticised Water Plus, Clear Water Business and Everflow for attracting high numbers of customer complaints