ING & European Investment Bank invest €300 million in green shipping
Global financial institution ING has partnered with the European Investment Bank in committing €300 million to support green investments in the European shipping sector.
Finance
Banking giant Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
European Investment Bank invests $150m to fund renewable energy projects in Peru
Expected to be operational in the first half of next year, the two projects will have a combined installed capacity of 312MW.
The National Australia Bank will no longer lend to new thermal coal projects
The National Australia Bank (NAB) is officially the country’s first bank to begin to phase out coal support.
Green Climate Fund to provide up to US$110 million for Kazakhstan clean energy projects
The framework aims to finance the construction and operation of solar, wind, small hydropower and biogas projects in the Central Asian country.
Citigroup and JPMorgan pledge to go 100% clean energy by 2020
JPMorgan and Citigroup have made this RE100 pledge, organized by The Climate Group alongside other companies like Estee Lauder, Kellogg, and DBS Bank.
US Bank to stop funding pipelines as divestment movement expands worldwide
As a nearly ten-days-long global mobilization calling for divestment from fossil fuels comes to an end, climate campaigners are celebrating a major victory stateside: U.S. Bank has announced that it will no longer finance fossil fuel pipeline construction.
Green bond issuance up 42% in first quarter of 2017
Globally, total green bonds issuance stood at $21.76 billion during the first quarter of 2017, up nearly 42 per cent from the issuance during the same period last year, according to the Climate Bonds Initiative.
ING sells stake in Dakota Access Pipeline in major victory for divestment push
The financial giant is the first of a group of 17 banks to divest from the loan that financed the pipeline as the embattled project is set to begin transporting oil
Breckinridge Capital adopts Social Progress Index to reward cities for inclusiveness.
Specifically, the framework follows the Social Progress Index in assessing how a community meets basic human needs for healthcare, sanitation and safety; provides foundations of wellbeing, including environmental quality; and offers opportunities, such as access to advanced education and personal choice.