EU and Dutch banks invest €300m on green shipping

Green investments for the European shipping market is to receive a €300 million (£265.7m) boost. Dutch bank ING and the European Investment Bank (EIB) are each providing €150 million (£132m) for projects with a “green innovation element” covering the construction of new vessels or retrofitting of existing ones. It applies to both inland shipping and […]

Banks guarantee €150m for green shipping

An investment of €150 million (€131.67m) is to support green shipbuilding projects in France. The agreement between the European Investment Bank (EIB) and Société Générale was made possible by the EU guarantee under the Investment Plan for Europe, commonly known as the Juncker Plan. It will support €750 million (€658.51m) of potential investment to finance new ships and modernise the existing fleet, as well as […]

MPs launch Arctic protection inquiry

MPs sitting on the Environmental Audit Committee have launched an inquiry into how the UK might protect the Arctic from oil and gas drilling. Over the next two years, countries which butt onto the Arctic will be able to apply to the UN to exploit the region’s natural resources. Although the UK has no jurisdiction […]