DEFINITION: The financial institution was created by the UK Government in November 2012 to invest in green projects on commercial terms and mobilise other private sector capital into the UK's green economy. The GIB has invested £2.7bn in more than 85 UK green infrastructure projects, ranging across wind energy, biomass and energy-from-waste (EfW) facilities. In April 2017, the UK Government completed the sale of the GIB to Australian investment bank Macquarie today (20 April) for a sum of £2.3bn.
Green Investment Bank (GIB)
How could a no-deal Brexit affect the UK's low-carbon energy transition?
As the Brexit deadline looms and Ministers struggle to take a no-deal option off the table, leading energy and policy experts have argued that leaving the EU without a deal would considerably increase the price of the UK's low-carbon transition.
Development bank investments could halt emissions rises in developing nations, report finds
By funnelling concessional finance into renewable energy and battery storage projects in developing nations, development finance institutions could halt the rate of emissions growth across such countries altogether.
Clean200: Low-carbon corporate investments outperforming those in fossil fuels
By investing in low-carbon products and renewable energy procurement, 200 of the world's largest corporates have continued to deliver strong returns against stock market averages, despite global political, social and economic tensions.
Battersea Power Station to come back online as a low-carbon energy hub
London's iconic Battersea Power Station is set to start producing energy again in 2020 - 38 years after the last coal-fired power generation facilities at the site were decommissioned.
How to produce an engaging sustainability report: Seven steps to success
Sustainability reporting has evolved from a niche practice to a mainstream aspect of corporate governance. The modern sustainability report is a vital tool to ENGAGE with shareholders, employees, stakeholders and, increasingly, consumers.
Biodegradable bottles and plastic-free microbeads: The 10 innovations backed by Sky Ocean Ventures
Sky's Ocean Ventures arm has selected 10 innovations - all designed to combat marine plastics pollution - to receive a share of a £6m impact investment fund.
3rd Party download - edie Explains: Corporate Power Purchase Agreements (CPPAs)
What are Corporate Power Purchase Agreements (CPPAs) in the context of renewable energy? Which organisations are most suited to adopting CPPAs, and what are the business benefits of doing so?
UK's overseas energy aid spending on fossil fuels spirals to £4.6bn
Over the last seven years, the UK has spent 60% of its overseas support for energy investment in developing countries on fossil fuels, with more than £4.6bn spent on climate-wrecking projects.
Coors' plastic-free packaging and solar-powered trains: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.
What does the Green Finance Strategy mean for business?
Following the launch of the UK Government's Green Finance Strategy, the chief executive of the Green Finance Institute has outlined how climate disclosure, policy signals and a robust business case for sustainability will transform how corporates engage with the finance community.
Eight reasons why green finance is becoming mainstream
Halfway through London Climate Action Week and it seems that sustainable finance is the hot topic. Here, edie explores the key drivers behind why green finance is growing from a niche interest to a business-critical concern.
Arriva inks telematics deal to slash bus emissions
European passenger transport company Arriva will install TomTom telematics systems in up to 15,000 buses, in a move that could reduce carbon emissions by 72,000 tonnes each year.
Private sector must be forced to invest in 'green revolution', says Labour
Labour will back measures deterring investment in fossil fuels as part of a new drive to stop the financial sector from funding global heating, John McDonnell will reveal this week.
edie explains: ISO 50001
This updated ISO 50001 guide, produced in association with edie's supporting partner Centrica Business Solutions, provides an in-depth summary of the ISO 50001 Standard which can be used by an organisation to establish and maintain a continuous level of energy performance improvements.
Climate becomes top priority in EU's 2020 budget
The European Commission proposed on Wednesday (5 June) a budget worth €168.3bn for the bloc in 2020, aimed at promoting a more competitive European economy and solidarity and security in the EU. This is the last budget under the 2014-2020 fiscal period and put climate change at the top of the agenda.
UK 'to double' aid support for climate challenges in developing nations
The UK's International Development Secretary Rory Stewart has revealed plans to double the amount of foreign aid spent on climate-related projects to over the next five years.
Business Energy Barometer: April-May 2019
edie's brand-new Business Energy Barometer report maps out the key energy drivers, challenges and opportunities facing UK businesses, based on an in-depth survey of energy managers across the country.
Webinar: Ambition into action: Scaling-up your energy and resources strategy
This one-hour webinar will hear from the leading businesses and experts that are reaching the ‘climate turning point' by scaling-up efforts to drastically reduce energy and resource use through net-zero targets and strategies.
Walmart partners with HSBC to launch green finance programme for suppliers
As part of a partnership with HSBC, US-based retail giant Walmart has developed a green finance initiative that rewards suppliers for setting, meeting or exceeding ambitious sustainability aims.
The World Bank accused of dodging 'no-coal' pledge by funnelling billions of dollars into fossil fuels
A large-scale study on hundreds of active energy projects commissioned by The World Bank Group has concluded that the body is currently financing $21bn of fossil fuel projects, compared to $7bn in the renewables sector.
Starbucks and Hubbub launch joint fund championing coffee cup recycling programmes
Environmental charity Hubbub has today (11 April) launched a new funding initiative aimed at helping local authorities and other organisations launch or scale-up coffee cup recycling schemes, after receiving funding to launch the scheme from Starbucks.
Accelerating the rEVolution: 7 business innovations in e-mobility
This insight report, produced in partnership with UK Power Networks Services, investigates some of the game-changing developments which are driving e- mobility and accelerating the sector forward into the next decade.
edie Explains: Streamlined Energy and Carbon Reporting (SECR)
What is the Streamlined Energy and Carbon Reporting (SECR) framework? What do businesses need to know about this new piece of legislation? And what compliance issues will arise from the new framework? This free edie Explains guide gives you everything you need to know.
Fresh £25m round of clean bus funding for local authorities
New funding from Government has been offered to 14 local authorities as part of the Clean Bus Technology Fund.
Edible drinks bottles backed by Government funding
Oohos, the edible, plastic-free packaging capsules trialled by companies such as Lucozade Ribena Suntory, have received more than £300,000 in Government funding that will help boost daily manufacturing outputs.
Energy Catapult launches SME support for low carbon heating and cooling
A new programme has been launched by the government's Energy Systems Catapult centre to assist small and medium sized businesses (SME) develop low carbon heating and cooling.
BlackRock steps up ESG drive with six new low-carbon funds
The world's largest asset manager BlackRock has launched new exchange-traded funds (ETFs) that screen out exposure to "controversial" sectors, improve environmental social and governance (ESG) scores and offer a reduced carbon emissions intensity of 30%.
Government urged to rethink road taxation policy to spur EV uptake
Motoring tax needs a rethink if it is going to be fit for the twenty first century and the increase in electric vehicles (EVs), according to the British Vehicle Rental and Leasing Association (BVRLA).
Lords raise concerns over environmental protections under "no deal" Brexit
A Lords committee has written to Environment Secretary Michael Gove to raise concerns about the protection of environmental standards after Brexit.
Swansea tidal lagoon plan revived - without government funding
The backers of a pioneering project to harness energy from the tides off the Welsh coast have rebooted the scheme and believe they can build it without the help of government.
London Mayor unveils van scrappage scheme for small businesses
London Mayor Sadiq Khan has today (18 December) unveiled plans for a new £23m van scrappage scheme, aimed at helping small business owners switch from old diesel vehicles to low-carbon alternatives.
10 ideas to drive forward your energy behaviour change strategy
This report showcases the output of edie's SPARK! event, where roundable participants shared experiences of staff engagement and behaviour change initiatives and techniques, while also exploring practical steps that businesses can implement to overcome barriers and foster the desired behaviours amongst staff.
edie Explains: Energy storage
How does energy storage work? What are the business benefits of commercial battery systems? And how can they interact with other onsite energy technologies? This free edie Explains guide gives you everything you need to know.