UK’s debut sovereign green bond raises record £10bn

The so-called ‘Green Gilt’, expected to help drive the progress to net zero and create jobs across the UK, was the largest debut green issuance by any sovereign

Treasury appoints new independent group to clamp down on ‘greenwashing’

The Green Technical Advisory Group will oversee the government’s delivery of a Green Taxonomy, a framework setting the bar for investments that can be defined as environmentally sustainable

Mark Carney to head up Glasgow Financial Alliance for Net Zero

The new forum will work to unite financial organisations under a single umbrella in the fight against climate change

Global framework launched to help investors go net zero

The framework has been put into practice by investors managing $8.5tn in assets

Leeds and London to become ‘global centres of green finance’ with £10m of new investment

The government funding will help set up the UK Centre for Greening Finance and Investment, which is expected to enter operation in April 2021

Climate action and green finance ‘could be next internet boom’ says Barclays boss

Jes Staley, Chief Executive of Barclays, said he believes London can lead the way by becoming a major global hub for sustainable finance

EAC warns Bank of England to avoid ‘moral hazard’ from high-carbon bond purchases

The Environmental Audit Committee says the bank’s corporate bond purchases are currently aligned with a ‘catastrophic’ 3.5°C temperature rise by 2100

EBRD, EU and partners join forces to green Egyptian businesses

Two programmes worth €220 million will offer sub-loans to businesses for green investments in energy, water and resource-efficient solutions

European Parliament adopts new legislation on sustainable investments

Green finance which claims to be sustainable will have to prove this by following strict criteria

Deutsche Bank commits €200bn in sustainable investments

The German lender plans also to power its operations entirely using renewable energy by 2025