Forestry firm UPM signs €750m climate-linked revolving credit facility

The pricing mechanism of the syndicated revolving credit facility is linked to both the business’ biodiversity and climate targets

UK Export Finance allocates £2bn for clean growth projects

The export credit agency’s direct lending facility has been more than doubled to £8 billion by Chancellor Rishi Sunak

New investments in coal power ‘must end immediately’

A new report from Carbon Tracker warns governments and investors will waste $600 billion in capital costs through funding coal assets that become stranded

Fintech specialist to plant Giant Sequoias in bid to tackle climate change

Revive Management notes a single Giant Sequoia can capture more carbon dioxide than the average UK citizen’s entire lifetime emissions

Budget announcement ‘must unveil £33bn of new spending to put UK on path to net zero by 2050’

Policy thinktank IPPR stresses significantly more investment is needed in public transport, low carbon housing and the restoration of nature

Vattenfall issues €500m green bond

The proceeds will be used to finance investments in renewable energy, energy efficiency, the electrification of transport and heat and a range of industrial projects