News

• EIB, Commission, Deutsche Bank to seed €800m energy efficiency fund

  26 May 2011

  The European Commission, European Investment Bank (EIB) and Deutsche Bank have committed €205 million ($291 million) to an energy efficiency fund that could total €800 million.

• Green policy can boost economic growth – OECD

  26 May 2011

  Green policies needn't jeopardise economic growth, instead they can boost prosperity and create jobs, according to the OECD.

• Equator Principles need toughening up – report

  26 May 2011

  The voluntary standards covering the environmental and social (E&S) impacts of project financing should be toughened and expanded, a key report on the future of the Equator Principles has recommended.

• EU urged to target 45% renewables by 2030

  26 May 2011

  The European Renewable Energy Council (EREC) has called for the EU to set a legally binding renewable energy target of 45% by 2030, saying it is necessary to fight climate change and give investors long-term predictability.

• Nuclear meltdown and revolution boost renewables – E&Y

  26 May 2011

  Japan's nuclear disaster and political unrest in the Middle East and North Africa have spurred momentum in the global renewables sector, but declining incentives and access to finance remain obstacles to growth, according to Ernst & Young.

• IFC and World Bank launch green bonds

  24 May 2011

  The International Finance Corporation (IFC) has issued its third green bond, raising $135 million.

• Bioenergy sustainability indicators agreed by international body

  24 May 2011

  Leading countries have agreed a set of sustainability indicators to inform the production and use of bioenergy, meeting repeated requests from the G8 for such guidelines.

• ADB seeds up to $700m of clean-tech venture funds

  24 May 2011

  The Asian Development Bank (ADB) is to pump $60 million into three clean-tech venture capital funds focused on China and India.

• OTC weather risk market grows 30% to $2.4bn

  23 May 2011

  The value of the global weather risk market reached $11.8 billion in the last 12 months, with geographic expansion helping to boost the over-the counter (OTC) market nearly 30%, an industry survey has found.

• UK's green investment bank to start lending next year

  23 May 2011

  The UK's Green Investment Bank (GIB) will start lending in April next year, with a possible early emphasis on offshore wind, waste and energy efficiency, and with a legislative footing, Deputy Prime Minister Nick Clegg said today.