Edinburgh has won the race to host the UK’s Green Investment Bank (GIB), although its main transaction team will be based in London.

EU economic and finance ministers have reiterated their call for the global aviation and maritime transportation sectors to pay for their carbon emissions to raise climate finance.

The European Bank for Reconstruction and Development (EBRD) invested €2.6 billion ($3.43 billion) in sustainable energy projects in 2011.

We are entering “the age of bonds” as a result of current financial crisis, Sean Kidney, CEO of the Climate Bonds Initiative, told a side event at the World Economic Forum in Davos last Thursday.

Political uncertainty and trade disputes pose the greatest risks to the green economy this year, according to analysts at HSBC.

The UN climate negotiations in Durban should end with an agreement to launch the Green Climate Fund (GCF), negotiators said today – signalling an end to the deadlock that threatened to derail a deal on the fund’s operations last week.

A group of NGOs has named JPMorgan Chase, Citi and Bank of America the top three “climate killer” banks because of their financing of coal mining and coal-fired power generation.

The Stockholm Environment Institute (SEI) has raised doubts about the efficiency of using private finance to fund climate change adaptation in developing countries.

Société Générale has sold its 50% stake in its Orbeo carbon trading venture, and is to take its carbon trading capacity in-house.

The term “climate finance” has to be better defined both in order to reach a global agreement on international climate policy and to facilitate work at a national level, according to a leading climate industry specialist.

The Asian Development Bank (ADB) is studying several new market mechanisms to help promote sustainable transport in the region – and one of the front runners is a possible market in ‘fuel security’ credits.

Leveraging private funding is key to moving forward on financing climate change mitigation and adaptation in developing countries, EU climate commissioner Connie Hedegaard told a conference in Brussels on Thursday.

Removing fossil fuel subsidies, pricing carbon dioxide (CO2) emissions at $25 a tonne and a thriving carbon offset market are key to providing the developing world with $100 billion a year in climate finance, according to a leaked World Bank report.

Governments should not tax investments in low-carbon technologies if they are serious about solving the climate crisis, a group of experts suggested this week.

The UN hailed “solid progress” in the design of its Green Climate Fund (GCF), following its third meeting this week, at which one private sector observer reported “more common ground than not” among design committee members.

Clean-tech and low-carbon firms are still struggling with a funding gap, the Creating Climate Wealth summit of industry and finance specialists heard today.

UK Business Secretary Vince Cable announced on Wednesday the nine members of the panel set up to advise on the creation of the Green Investment Bank (GIB).

Environmental policy and climate change action will be “mainstreamed” into all areas of the EU budget from 2014, the European Commission announced late on Wednesday night, with climate-related expenditure making up at least 20% of EU financing.

Mobilising finance for climate change adaptation in cities will only be delivered via a localised, ‘bottom-up’ approach to investment and the creation of new funding mechanisms, according to a local government association report.

The weak agreement reached at last year’s Copenhagen climate talks has added $1 trillion to the cost of keeping global warming within 2°C, the International Energy Agency (IEA) said on Tuesday.