Bank of America to disclose climate impact of its lending practices

It has signed up with the Partnership for Carbon Accounting Financials (PCAF), which is developing a common framework to assess financed emissions

European Investment Bank mulls end to fossil fuel lending

It is part of the Bank’s plans to contribute towards meeting the goals of the Paris climate agreement

EBRD provides $12.5m boost for Armenian green investment

The funds will help businesses invest in climate adaptation and mitigation technologies

India’s publicly owned banks ‘favour coal lending over renewables’

The Centre for Financial Accountability said coal received $9.4bn last year, compared to clean technologies receiving $3.5bn

RBS vows to stop financing new coal and Arctic oil projects

The bank’s new policy changes is part of its efforts to tackle climate change

EU funded wind farm opens in Sweden

Sweden’s first energy project to be funded under the European Fund for Strategic Investments (EFSI) has been officially opened. The Långmarken wind farm in Kristinehamn, which was backed by the European Investment Bank (EIB) and renewable energy firm Mirova, is made up of eight 3.3MW wind turbines, giving the site a total capacity of 26.4MW. […]

RBS hits £1bn milestone for green loans

Royal Bank of Scotland (RBS) more than doubled its lending for sustainable energy projects las year. It provided around £1 billion of loans to businesses including SMEs and large corporates looking to become more energy efficient. RBS said the rise was driven by “significant increases” to solar and biomass projects, with lending for PV projects […]

Banks “not interested” in lending to businesses for energy efficiency

Businesses hoping to invest in energy efficiency don’t get enough support from banks – with some banks showing no interest in energy saving projects. New research from Siemens Industry and the Energy Institute found nearly nine out of ten businesses (88%) having a negative experience. In a survey of more than 300 senior energy specialists […]

'Energy efficiency market is tricky to lend cash to'

The market for energy efficiency products is so “fragmented” it’s tricky to lend money to, says the man responsible for dishing out millions of pounds of government funding to the sector. Gregor Paterson-Jones (pictured right), the Managing Director for the Green Investment Bank’s energy efficiency division told the audience at Energy Live 2013 this week: […]

Morgan Stanley man joins UK’s green bank

The UK’s new green lending body will take on ex-Morgan Stanley managing director Robert Mansley to work on capital markets. The Green Investment Bank (GIB) is the world’s first national bank for sustainable technologies and has a starting pot of £3billion to dish out. It became fully operational in October 2012 although there have been […]