London tops global green finance rankings

The new Global Green Finance Index found financial centres in Western Europe outperformed those in other regions

Barclays banks on green finance products

Barclays Corporate Banking has launched a suite of green finance products to help its clients fund more sustainable projects across the world. They include Green Loans targeting clients who need more than £3 million across the UK, International Green Loans and Green Asset Finance allowing clients to access more flexible ways of financing assets that […]

MPs launch new inquiry into green finance

The Environmental Audit Committee (EAC) has launched a new inquiry into green finance. It will scrutinise the government’s strategy to develop “world leading green finance capabilities” and is interested in how investment in longer term sustainable development can be incentivised across the economy. The inquiry will examine a number of areas, including the measures set […]

China’s green bonds skyrocket by 278%

China’s green bonds grew in volume by 278% and 28% in value over the last year. That’s according to the International Institute of Green Finance (IIGF) and UN Environment, which says the nation has become a new growth driver in the global green bonds market – it issued 36 green bonds worth RMB77.67 billion (£8.9bn) […]

Global green finance reaches record $100bn

Green bond issuance has passed the significant $100 billion (£75.8bn) benchmark this year, setting a global record. China leads the issuance, followed by France, the US, Germany, Netherlands, Sweden, Mexico, Spain, India and Canada. This year, France became the second country to issue a sovereign green bond while Fiji was the first emerging economy to […]

New network of financial centres to promote green investment

More than 10 of the world’s financial centres have agreed to promote green and sustainable finance. Countries including Astana, Casablanca, Dublin, Hong Kong, London, Milan, Paris and Qatar have backed the Casablanca statement, agreeing to use their expertise to drive action on climate change and sustainable development. The first global meeting of the financial centres […]

Banks and government ‘must spur green investment’

European banks and governments must make a number of changes to encourage continued green investments. That’s according to the European Banking Federation (EBF), which has made a series of recommendations for these groups to help improve environmental, economic and social sustainability across the economy. It says clear and certain policies, solid regulations and an appropriate […]

UK launches Green Finance Taskforce

The UK Government has officially launched a green finance taskforce to accelerate the funding necessary for decarbonisation. At the opening ceremony of Climate Week in New York, Climate Change Minister Claire Perry said it would be made up of a range of financial experts with the aim of stepping up funding for decarbonisation. She also said […]

Hammond launches UK-Brazil green finance alliance

Chancellor Philip Hammond has launched a UK-Brazil green finance partnership in Sao Paolo. It was one of a series of new agreements unveiled during his visit to Brazil to showcase British business and deepen trade and economic ties with Latin America’s biggest economies. In a joint statement, the two nations state they both believe scaling […]

World making ‘huge strides’ on green finance

The G20 and other nations have made “huge strides” over the last year on green finance. According to UN Environment, the countries have mobilised trillions of dollars of public and private capital needed to make sustainable development and climate action a reality. The UN Conference on Trade and Development research from 2015 showed investment required […]