Banking giant Wells Fargo commits to net zero emissions by 2050

It plans to launch an Institute for Sustainable Finance to manage the deployment of $500bn of financing to sustainable businesses and projects by 2030

Sweden ‘leading the way towards a low carbon future’

It is the second lowest carbon intensive economy among all member countries that are part of the International Energy Agency

Barclays issues €500m green bond in ‘UK first’

Barclays has issued a €500 million (£441m) green bond claimed to be the first issued by a UK bank to fund domestic assets. The funds raised will be used to finance and refinance residential mortgages on properties in England and Wales, which are in the top 15% of the lowest carbon intensive buildings in these […]

Utilities ‘locked-in to fossil fuels until 2050’

Europe’s biggest utilities could be locked into high emissions from fossil fuel power plants until 2050. That’s according to a new CDP report, which analyses 14 of Europe’s major utilities, worth a total of €256 billion (£218.17bn). Verbund, Iberdrola, Fortum and Enel are rated as being the least carbon intensive, with RWE, CEZ, Endesa and EnBW with […]

International bank helps Moldovans cut energy bills

A London based bank has provided loans worth €10 million (£8 million) to a Moldovan bank to help households and businesses cut their energy bills. The loans from the European Bank for Reconstruction and Development are expected to help Moldova-Agroindbank provide long-term funding to industrial and residential clients implement energy saving projects under the country’s […]