Climate finance: Seven largest multilateral banks invest $61.6bn in 2019

Low and middle-income economies received around 67% of the total funding

Citi pledges $250bn to finance global climate solutions

The announcement has been made as part of the bank’s 2025 Sustainable Progress Strategy to help accelerate the transition towards a low carbon economy

EU bank greenlights €2bn for global energy projects

That includes investment in energy efficiency and clean energy projects that support the transition towards a low carbon economy

Kathryn Porter

Meet the energy expert, Kathryn Porter

RBS to stop lending to energy firms ‘without credible climate plan’

It has pledged to stop lending and offering underwriting services to companies with more than 15% activities related to coal as well as major oil and gas producers

Coal in the hands of a miner
Under-construction coal plant in Poland has financing suspended

Polish energy companies Enea SA and Energa SA have announced they have halted financing for the 1GW Ostrołęka C facility due to shifting economic and political contexts

New $212m financing for climate-friendly projects in Vietnam

The funding from IFC will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon emissions

EU bank provides €27.5m for electric and natural gas buses in Spain

It will support the modernisation of Grupo Ruiz’s fleet with the rollout of more than 170 cleaner buses

New $30m loan to support business energy efficiency in Egypt

They will cover investments in technologies such as thermal insulation, solar panels, geothermal heat pumps and water-efficient irrigation systems

Green Climate Fund: 27 nations pledge to step up financing

Funding will be used to help developing countries deal with the impacts of climate change