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 […]

EU offers new sustainability loans

The European Commission has opened access to loans for young businesses’ sustainability projects. It is encouraging Member States to double their investments in the sector. Development funds will support sustainable urban projects, for example in public transport, energy efficiency and the regeneration of urban areas. Projects must be financially viable and have plans in place. Total […]

Huge UK offshore wind farm secures £1.3bn

The developers of one of the largest offshore wind farms located off the Norfolk coast have secured £1.3 million. It will fund the 402MW Dudgeon Offshore Wind Farm, co-developed by Abu Dhabi’s Masdar and Norwegian firms Statoil and Statkraft, which is currently under construction. The project is the first offshore project in the UK to […]

Lack of renewable investment will speed energy crisis

The UK will suffer an energy crisis by 2020 if investment is not released by commercial banks for renewable projects, according to a sustainable finance expert. And key to bringing this about is helping the banks better understand and overcome the risks in financing renewable energy projects. Aniko Dobi-Rozsa told a conference that a change […]