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

EU approves €115m loan to roll out electric buses in Rotterdam

Public transport provider RET will also use the financing to install charging infrastructure for the vehicles

UK Government denies guaranteeing loans for Hitachi nuclear project

The proposed reactors to be installed at Wylfa were given the green light by UK regulators last year

European nations ‘must take rapid action on climate financing’

European countries need to rapidly step up efforts on climate financing to meet low carbon targets. That’s according to the European Environment Agency (EEA), which suggests the nations must define their investment needs and plans to match their objectives towards a low carbon and climate-resilient economy. It also stresses the need for “clear information” on […]

New €400m financing for Turkish green energy

A London-based bank is to provide €400 million (£340.2m) of financing to support Turkish green energy projects. The European Bank for Reconstruction and Development (EBRD) will provide the money through the third round of its Turkey Sustainable Energy Financing Facility (TurSEFF). It previously only helped small and medium-sized enterprises (SMEs) improve their energy and resource efficiency but […]