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and sustainable investing – Investing in Green
The leaders of 15 ClimateWise members have today written an open letter to the Governor of the Bank of England, Mark Carney, and the UK’s Prudential Regulation Authority (PRA).
UK local authorities have ploughed £14 billion of their pension funds into fossil fuel investments, according to new research released today.
A dedicated renewable energy fund focused on sub-Saharan Africa successfully has reached its final investment target, with US $200 million of committed capital to support small to medium scale projects.
The UK’s first split ownership solar farm is now being built at Braydon Manor Farm near Swindon, Wiltshire.
The Green Investment Bank and the Offshore Renewable Energy (ORE) Catapult have today announced a three year agreement to work together to drive investment into offshore renewable energy through greater understanding and management of the associated risks, reducing the cost of energy from offshore renewables.
The UK Government’s policy on renewable energy is already having a significant negative impact on investor confidence after a new survey found lending to key green projects is now being withheld.
Two long-established ethical finance organisations have agreed new arrangements that will make more money available to democratic enterprises in disadvantaged communities.
Private investors stand to lose $4.2 trillion (£2.7 trillion) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.
The insurance company Axa has said it will remove around €500m (£355m) of coal investments from its portfolio, in a move that reflects long-term concerns in the insurance industry over climate change.
Fossil fuel companies are benefitting from global subsidies of $5.3 trillion (£3.4 trillion) a year, equivalent to $10 million every minute of every day, according to a startling new estimate by the International Monetary Fund.
Lord Turner, formerly Britain’s top financial regulator, has become the latest finance sector grandee to warn that investment industry valuations are in need of urgent review in the face of the threat posed by climate change.
Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world’s leading stock market index company.
The UN fund to help developing countries fight climate change can be spent on coal-fired power plants – the most polluting form of electricity generation – under rules agreed at a board meeting.
Boris Johnson has been told by the London Assembly to pull City Hall’s £4.8 billion pension fund out of coal, oil and gas investments, after assembly members voted on Wednesday on a motion in support of the fossil fuel divestment movement.
At least 1,400 UK customers are set to move their accounts in protest at their banks’ multibillion-pound funding of the fossil fuel industry. The campaign, mirrored by actions in Australia and South Africa, is part of a global day of action by the fast-growing fossil fuel divestment movement.