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Around €20.4bn in new financing has also been agreed for energy, transport, business, education, water and regional development investment across Europe and globally
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The projects are expected to invest around £400m up front over the next three years and deliver 125MW of new hydrogen while creating more than 700 jobs
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Some reactions to the COP28 decision have been mixed since the final consensus does not include the ‘phase out’ of fossil fuels
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The technology will be installed at the company’s Ferrybridge 1 and 2 facility in Knottingley, with plans for the 90MW project to be operational from 2030
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The Global Climate Finance Centre aims to address the root causes currently preventing investment as well as enable environment for investment into low carbon, sustainable and resilient projects
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The 10-year green bond offering was more than five times oversubscribed with ‘exceptionally strong appetite’ from investors
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They have launched a $2bn fund to provide access to greater pools of capital for businesses and ramp up investments in solar power, wind generation, battery storage and hydrogen
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It is expected to create 40 jobs and safeguard 218 existing jobs across Kindeva Drug Delivery’s sites in Clitheroe and Loughborough
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Growth capital investors BGF have invested £3.4 million in a new carbon capture technology
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It says the EVs people will take up from the funding will prevent 32,000 tonnes of carbon emissions
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Labour has said the change in policy is linked to the Conservative Party’s dealings with the economy and rising interest rates from borrowing
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