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UK GIB approved amid calls for full borrowing powers
17 October 2012The UK's Green Investment Bank (GIB) has been given the nod by EU regulators to start lending to low-carbon projects, as calls mount for the bank to be cleared to borrow from capital markets.
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OPIC environmental lending hits record $1.6bn, up 41%
17 October 2012The Overseas Private Investment Corporation (OPIC) committed more than $1.55 billion to the "renewable resources" sector in the 2012 fiscal year, up 41% on the previous year.
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Asian investors get climate finance boost
16 October 2012A new initiative to improve the investment environment for climate finance in Asia is to be launched next month.
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Breaking the ice on Arctic lending policies
12 October 2012The natural resources sector is eager to exploit a thawing Arctic – but are the environmental risks too great for the banks to offer finance? Christopher Cundy reports
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EIB consults on energy lending policy
12 October 2012The European Investment Bank (EIB) has opened a consultation on its lending policy for the energy sector, posing questions over its future commitment to renewables financing.
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Norway doubles carbon tax, launches $2bn climate fund
10 October 2012Norway will nearly double its carbon tax on the offshore petroleum sector, increase its funding for the prevention of deforestation in developing countries and launch a new climate and energy fund, according to its draft 2013 budget.
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The billion-dollar question
05 October 2012The numbers are certainly eye-catching – but what do US banks' environmental investment goals mean for how they do business, and for the ability of the low-carbon economy to raise finance? Gloria Gonzalez and Mark Nicholls report
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UK Green Investment Bank CEO named
27 September 2012Private equity financier Shaun Kingsbury has been named as the chief executive officer of the UK Green Investment Bank (GIB).
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UK Green Investment Bank may struggle to invest initial £3bn – UKGI
24 September 2012The £3 billion ($5 billion) allocated to the UK's Green Investment Bank (GIB) by government is likely to be adequate for its first few years of operation, according to one of the officials running its precursor.
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Nigeria mandates wide-ranging sustainable banking principles
18 September 2012The Nigerian central bank has published a set of sustainable banking principles – under development since late last year – and has ruled that adherence will be mandatory, in a first-of-its kind move for a banking system in either emerging or developed economies.