Bankwatch blasts EIB over fossil fuel lending

Spending on renewable energy by the European Investment Bank (EIB) is being undermined by its continuing support for fossil fuels, according to funding watchdog CEE Bankwatch Network.

Three G10 governments 'mulling climate-linked bonds'

Governments of at least three of the world's 10 largest economies are actively discussing issuing 'index-linked climate bonds', according to the think-tank that has pioneered the concept. And a number of sub-national bond issuers are also considering launching bonds whose returns are linked to policies to tackle greenhouse gas emissions, said Michael Mainelli, director of the Z/Yen Group.

EPA punts ethanol blending call

The US Environmental Protection Agency (EPA) has deferred a decision on increasing the limit on ethanol blended into gasoline from 10% to 15% until next summer, but indicated preliminary tests support such a change.

Green stimulus cash at risk – HSBC

Less than a fifth of the promised $513 billion in government green stimulus money is set to be spent this year, raising the risk of "retrenchment" as governments seek to exit fiscal stimulus strategies, according to HSBC.

McKinsey, World Bank warn on water

Governments and private institutions must invest $50 billion-$60 billion annually between now and 2030 to avoid future water shortages causing serious economic and environmental consequences, according to a report from McKinsey and the World Bank.