UN publishes guidance for financial institutions to invest in ocean health

Banks, insurers and investors have a ‘major role’ to play in financing the transition towards a sustainable blue economy, helping to rebuild ocean prosperity and restore biodiversity to the ocean

Google spin-off Malta raises $50m for long duration energy storage system

Its system can provide a daily or weekly load cycle by efficiently storing up to 200 hours of energy storage, though early systems will focus on current market applications in need of 10 to 12-hour durations

UK to set up green finance research hubs in London and Leeds

The research centres will help divert investment away from unsustainable activities such as deforestation and fossil fuels and towards low carbon sectors, ensuring climate and environment are at the heart of UK financial decision making

Global investors plan to double proportion of renewable investments in next five years

This rise is expected to continue to 10.8% over a ten-year timeframe as global climate action continues to ramp up on the road to reaching net zero by 2050

West Berkshire Council’s green bond reaches £1m target

Around 22% of the funds came from residents in West Berkshire, who each invested an average of £3,500

Alphabet issues $5.75bn bond to support environmental initiatives

Google’s parent company will target eight areas, including energy efficiency, clean energy, green buildings, clean transportation and circular economy and design

World Bank launches new $5bn sustainable development bond

It says ‘extremely strong demand’ from global investors for the USD benchmark led to an order book of more than $6bn

New York unveils $6m co-investment fund to support emerging clean energy firms

Financing is being made available for green companies seeking to match investments from investors

National Grid pension scheme awards £185m renewables mandate to Octopus

Investments will be made in solar and onshore wind assets across the UK

ExxonMobil wins New York climate change fraud court battle

State Judge Barry R. Ostrager said the attorney general failed to prove the company misled investors about the true cost of climate change