Finance
Helping your business with the latest environmental grants and funding news including investments and finance, from carbon offsetting and sustainability to government and technology grants
Fossil fuel-divested investments growing faster than those in coal, oil and gas
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.UN Green Climate Fund can invest in fossil fuels
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 told to divest £4.8 bn City Hall pension fund from fossil fuels
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.Go Fossil Free campaign stages global protest to encourage divestment from coal, oil and gas
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.EC launches €200m innovation fund to tackle “valley of death”
A €200 million pilot funding stream has been launched by the European Commission for projects that are in the late stages of development and close to being launched on the market.Oxfam: rising inequality is “dangerous” and unsustainable
Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, one per cent of the world’s population will own more wealth than the other 99 per cent.Biomass boilers up to 20 per cent less efficient than expected, DECC study finds
Billions of pounds of public money is to be spent supporting ‘green’ boilers, despite evidence from the Government’s own experts and industry that they will do little to help the UK meet its clean energy targets.One or more major oil companies will abandon fossil fuels, predicts Jeremy Leggett
The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-winning scientist and former industry adviser.GreenWise top 10 green business stories of 2014
Renewable energy, flood management, zero carbon homes, energy efficiency, and green financing were the key themes in GreenWise’s top 10 green business stories of 2014.Carbon bubble: firms should have to disclose investments in fossil fuels, says Davey
Britain’s Energy and Climate Change Secretary, Ed Davey, has said companies should be required to disclose their investments in fossil fuels, bringing firmly into the mainstream the idea that climate risk will affect the value of such holdings.Government to release £100m more to Green Deal in tranches
Homeowners will be able to claim up to £5,600 from the Government towards home improvements such as a new boiler and cavity wall insulation from Wednesday 10 December – but the money may not be around for long.Abundance launches “new avenue” for finance for renewable energy developers
A new online service enabling ‘shared ownership’ in renewable energy projects is being hailed as new “positive” way to raise capital for onshore wind and solar in the UK by enabling developers to mobilise communities to take a stake in local projects.Carbon bubble: Bank of England launches enquiry into risk
The Bank of England is to conduct an enquiry into the risk of fossil fuel companies causing a major economic crash if future climate change rules render their coal, oil and gas assets worthless.World Bank to prioritise clean energy investment to tackle climate change
The World Bank will invest heavily in clean energy and only fund coal projects in “circumstances of extreme need” because climate change will undermine efforts to eliminate extreme poverty, says its president Jim Yong Kim.UK smart water saving outfit i2O secures £8m to expand business
i2O Water, the UK cleantech firm that is helping utilities plug the leaks in their water supply networks, says it has secured a further £8 million to expand the business at home and abroad.
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