British Embassy Bucharest invites proposals for green finance report in Romania

The White Paper on sustainable finance should analyse the current financial market in Romania and inform about the challenges in addressing climate-related financial risks

Anglian Water issues £225m green bond for ‘UK’s biggest’ drought resilience project

Proceeds will be used for the water company’s plans to install hundreds of kilometres of interconnecting pipes across the East and South East of England

New taskforce to make Scotland ‘global leader’ in green finance

The Taskforce will develop and lead an action plan over the next three years and bring together the Scottish financial sector, professional services firms and regulatory bodies to build on the legacy of the COP26 climate summit

New partnership to promote sustainable finance in Brazil

The Brazilian Federation of Banks and the International Finance Corporation will work together to support banks in implementing good climate risk management practices and training new businesses in making green investments

RBS to stop lending to energy firms ‘without credible climate plan’

It has pledged to stop lending and offering underwriting services to companies with more than 15% activities related to coal as well as major oil and gas producers

Green bonds surpass $100bn milestone in first half of 2019

Climate Bonds expects the impact of the EU’s Technical Expert Group on Sustainable Finance will help open the 2020s path toward the first trillion in annual green finance investment

EU appoints members of Technical Expert Group on Sustainable Finance

It consists of 35 members from civil society, academia, business and the finance sector

Banking giant commits $200bn in sustainable financing

Wells Fargo will provide half of the funding for projects that directly support the low carbon transition

Emerging economies ‘making significant progress in green lending’

Emerging markets have become a “major force” in driving climate change with reforms to expand sustainable lending. That’s according to the Sustainable Banking Network, an International Finance Corporation (IFC)-supported organisation of banking regulators and associations, which suggests 34 countries have initiated banking reforms. They account for $42.6 trillion (£31tn) in bank assets – more than […]

EU experts set out green finance recommendations

A team of experts have set out the recommendations for greening the EU’s financial policies to help unlock investments in meeting climate targets. The High-Level Expert Group on Sustainable Finance (HLEG) has identified ways in which the financial sector can reconnect with the economy to support the transition to a more resource efficient and circular […]