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Nationwide "Green" Mortgages Incentivize Energy Efficiency (Int'l.)
Nationwide Building Society
Date: 2020-02-12
In the UK, Swindon-headquartered Nationwide Building Society reports it will make £1 billion available in a range of new "green" mortgages to "kickstart" green home improvements and energy efficiency retrofitting efforts. The "green" mortgages will have preferential rates for those buying a new-build EPC A-rated home, and preferential rates starting from 1 pct for the first two years when borrowing up to £25,000 to make home improvements.

Nationwide is also calling on the government, home builders and lenders to create meaningful incentives for home energy efficiency and greener homes in general.

Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution and the largest building society in the world with over 15 million members. Nationwide is one of over 40 members of the Green Finance Institute's Coalition for Energy Efficiency of Buildings, of which developing the market for financing net-zero carbon and climate-resilient homes is a "key objective. (Source: Nationwide Building Society, PR, 10 Feb., 2020) Contact: Nationwide Building Society, www.nationwide.co.uk

More Low-Carbon Energy News Nationwide Building Society ,  


Nationwide "Green" Mortgage Incentivises Energy Efficiency (Int'l.)
Nationwide Building Society
Date: 2020-02-10
In the UK, Swindon-headquartered Nationwide Building Society reports it will make £1billion available in a range of new "green" mortgages for "green" home purchases and home energy efficiency retrofitting. The "green" mortgages will have preferential rates for those buying a new-build EPC A-rated home, and preferential rates starting from 1 pct for the first two years when borrowing up to &poud;25,000 to make home improvements.

Nationwide is also calling on the government, home builders and lenders to create meaningful incentives for home energy efficiency and greener homes in general. Nationwide is calling for Government to commission an independent review of council taxes, explore how it could incentivize green home improvements, as well as transition the Help to Buy program to a Help to Green program. Nationwide also notes the government's Future Homes Standard is set to be introduced in 2025, introducing higher energy efficiency standards for new build homes.

Nationwide Building Society is a British mutual financial institution, the seventh largest cooperative financial institution and the largest building society in the world with over 15 million members. Nationwide is one of over 40 members of the Green Finance Institute's Coalition for Energy Efficiency of Buildings, of which developing the market for financing net-zero carbon and climate-resilient homes is a "key objective. (Source: Nationwide Building Society, PR, 10 Feb., 2020) Contact: Nationwide Building Society, www.nationwide.co.uk

More Low-Carbon Energy News Nationwide Building Society,  "Green" Home,  "Green" Mortgage,  Energy Efficiency ,  


Singapore Launching $2Bn Green Finance Hub Programme (Int'l.)
Monetary Authority of Singapore
Date: 2019-11-13
In Singapore, the Monetary Authority of Singapore reports it plans to create a $2 billion Green Investments finance programme intended to establish the country as a global green financing hub.

The Green Investment Programme will direct funds to asset managers who will in turn invest the funds in public market firms focused on introducing environmental and sustainability considerations into investments in renewable and bioenergy technology, grid infrastructure, battery storage, green buildings, energy efficiency and optimizing energy conservation and consumption. (Source: Monetary Authority of Singapore, International Finance, 12 Nov., 2019) Contact: Monetary Authority of Singapore, +65 6225 5577, +65 6229-9229 -- fax, (212) 809 1900 -- US Office, www.mas.gov.sg

More Low-Carbon Energy News Green Finance,  Green Bond,  Renewable Energy,  Energy Efficiency,  Climate Change,  


Aussie Green Bond Issuance Tops $15 billion (Int'l. Report)
Climate Bonds Initiative.
Date: 2019-09-04
The Climate Bonds Initiative, an international, investor-focused not-for-profit organisation working solely on mobilizing the $100 trillion bond market for climate change solutions, reports the release of its Green Infrastructure Investment Opportunities Australia 2019 (GIIO) report, as well as the Green Finance State of the Market Australia (SoTM) 2019 report. The report notes Australia issued $15.6 billion in green bonds as of the end of June, placing Australia third in the Asia-Pacific region behind China (US$91.5 billion) and Japan (US$12.4 billion) and ahead of South Korea at (US$6.7 billion) and Indonesia with US$4 billion.

Australia is tenth overall in cumulative global green bond rankings as of 30 June 2019. Total domestic issuance to date includes 35 deals -- some comprising multiple tranches -- from 15 issuers. Australia’s annual green bond issuance in the 2018 calendar year nearly doubled, from $3.3 billion in 2017 to $6 billion. (Source: Climate Bonds Initiative, Sustainability Report, Pro Bono News, 3 Sept., 2019) Contact: Climate Bonds Initiative, Sean Kidney, CEO, www.climatebonds.net

More Low-Carbon Energy News Green Bonds,  Low Carbon,  


UK Unveils Green Finance Net-Zero Emissions Strategy (Int'l)
Minister of State for Energy and Clean Growth
Date: 2019-07-08
In London, the UK Minister of State for Energy and Clean Growth, Hon. Chris Skidmore, is reporting the release of the government's Green Finance Strategy, outlining how the finance sector and better climate disclosure from publicly-listed corporations can drive progress towards wider action on climate change and the push towards net-zero emissions by the year 2050.

The strategy features investment and funding increases into green projects, infrastructures and homes and is built on findings from the Task Force on Climate-related Financial Disclosures (TCFD). The strategy calls corporations and asset owners to disclose climate risk and impact data by 2022 and to work with regulators as to whether this becomes a mandatory requirement.

In addition, a £5 million Green Home Finance Fund has been established for green finance education, home energy efficiency grants, green mortgages and other green finance mechanisms. An additional £5.8 billion has been set aside for international climate finance to encourage other nations to act on climate collaboratively.

More than 780 organizations reportedly support of the TCFD, including the world's largest banks, asset managers and pension funds, responsible for assets of $118trn, highlighting the appetite for green finance. (Source: UK Minister of State for Energy and Clean Growth, edie News, 2 July, 2019) Contact: Minister of State for Energy and Clean Growth, UK Energy and Clean Growth Minister, Chris Skidmore, www.gov.uk/government/people/chris-skidmore

More Low-Carbon Energy News Climate Change,  Net-Zero Emissions,  


BEIS Promoting Green Mortgages for Energy Efficient Homes (Int'l)
UK BEIS
Date: 2019-07-03
In London, the UK Department for Business, Energy and Industrial Strategy (BEIS) is reporting the launch of a £5 million fund for the financial sector to develop green mortgages and a £10 million innovation fund to cut the costs of retrofitting the UK's housing stock. The funds are part of a new Green Finance Strategy.

Green mortgages give customers discounted mortgage rates after they have upgraded the energy rating of their homes. Britain's 17 million homes are currently responsible for around 15 pct of the country's carbon emissions, according to BEIS. (Source: UK BEIS, Energy Live, June, 2019) Contact: BEIS, +44 0 20 7215 5000, enquiries@beis.gov.uk, www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy

More Low-Carbon Energy News UK BEIS,  Energy Efficiency,  


Hong Kong "Green Bond" Looking to Raise $1Bn (Int'l Report)
Hong Kong
Date: 2019-05-22
Reuters is reporting the former British colony of Hong Kong is looking to raise $500 million to $1 billion through a five-year "green bond" issuance that will help establish Hong Kong as a "green finance" center for investment in "environmentally friendly" projects.

The bond is the first to be issued under Hong Kong's HK$100 billion ($12.74 billion) green bond program to fund projects around clean transportation, air quality improvement and green buildings.

"Green bond" issuance worldwide to date this year stands at $41.3 billion, $12 billion of which was raised in Asia. (Source: Reuters, Various Media, May, 2019)

More Low-Carbon Energy News Green Bond,  


Manila's Rizal Bank Announces "Green" Finance Framework (Int'l)
Rizal Commercial Banking Corp
Date: 2019-01-16
The Manila-based Rizal Commercial Banking Corp, the Philippine's tenth largest bank by assets, reports it has established a finance framework for "green" bonds and loans focus on renewable energy, green buildings, clean transport, pollution prevention and energy efficiency.

www.rcbc.com

More Low-Carbon Energy News Green Bond,  Energy Efficiency,  Renewable Energy,  


Dow 30 Companies Report CO2 Emissions (Ind. Report)

Date: 2018-10-01
The newly released Sustainability Reporting Performance report, which ranks Dow 30 companies on their sustainable business practices, finds that despite a lack of mandatory reporting regulations on climate risk, 100 pct of companies publicly report carbon emissions in response to shareholders demands to see climate risk assessed as part of company governance. The research also finds a high level of adherence to reporting frameworks using the Global Reporting Initiative which offers a comprehensive yet concise way to communicate sustainability commitments to shareholders and potential investors.

Energy is a key theme in the research with 97 pct of Dow 30 companies already implementing energy efficiency technologies and 87 pct using renewable energy, whether it is purchased from verified sources or generated on-site. Moreover, 13 pct of DOW 30 organizations are actively divesting from fossil fuels and a further 47 pct of DOW 30 companies have adopted green finance policies or consider sustainability in their investment decisions.

EcoAct also scored companies in three other international indices -- the FTSE 100 (London,) CAC40 (Paris), and IBEX 35 (Madrid). EcoAct's annual research report aims to acknowledge and highlight those businesses that are taking real action towards meeting ambitious sustainability plans and environmental targets, while sharing best practice when it comes to managing the risks and maximizing the opportunities of climate change.

Down load the UN Sustainable Development Goals Report HERE

Details on The Sustainability Reporting Performance of the DOW 30 HERE. (Source: UN, DOW, Yahoo, 30 Sept., 2018) Contact: EcoAct, www.eco-act.com

More Low-Carbon Energy News Carbon Emissions,  Climate Change,  


Italian Banks to Drive Green Buildings, Energy Efficiency (Int'l)
Foundation for Sustainable Development,
Date: 2018-08-06
According to a recent S&P Global Ratings report Will The Momentum Build For Green Finance In Italy?, "green" bank loans are likely to rise as Italy's small and midsize enterprises (SMEs) seek financing for their green projects and greater lending for green buildings and energy efficiency.

At least 42 pct of Italian businesses are "green-oriented", according to a November 2017 report by Italy's Foundation for Sustainable Development. Core green businesses make up 27 pct of Italian companies, and go green businesses make up 14.5 pct of the total.

Italy aims to reduce emissions by at least 80 pct from its 1990 levels by 2030 in keeping with the EU's long-term Paris agreement target, the S&P report said. Major Italian banks financed over €27 billion ($31.3 billion) of renewable energy capacity between 2007 and 2014. Italian Banks are also exploring the financing of green building and energy efficiency that would enable the country to reduce the carbon intensity of its building stock which, on average, is among the oldest in Europe. (Source: Foundation for Sustainable Development, Xinhua, 3 Aug., 2018) Contact: Foundation for Sustainable Development, www.fsd.org

More Low-Carbon Energy News Green Building,  Energy Efficiency,  ,  


UK Opens Energy Performance Certificate for Buildings Call for Evidence (Int'l. Report)
Energy Efficiency
Date: 2018-07-30
In the UK, the Department for Business, Energy and Industrial Strategy last week published its Call for Evidence: Energy Performance Certificates (EPC) for Buildings .

The aim is to gather responses from sales and rental agents, in regards to the quality of EPCs and whether there is encouragement to improve the energy efficiency of their properties. The consultation also outlines suggestions for improvements. The Government would like to hear from building owners and occupiers in both domestic and non-domestic sectors, estate agents, and others involved in the sale or lease of buildings. They would also like to hear from EPC assessors, accreditation bodies, software providers, enforcement bodies, and anyone else who regularly uses EPCs.

According to the Ministerial Foreword for the consultation, EPCs are already giving people the information they need on the energy performance of buildings, allowing consumers to make informed purchase and rental decisions and providing building owners with recommendations for improving their properties. At the same time EPCs provide a wealth of data on the performance of the country's building stock, which is being used by researchers, government, and lenders to gain new insights into buildings and develop new products and services. EPC ratings could also underpin an evolving market in "green mortgages" and other green finance products, allowing people to benefit financially from better performing properties.

New rules regarding Minimum Energy Efficiency Standards (MEES) came into effect recently. As of 1st April this year, it is now illegal to grant a new lease to new or existing tenants on a domestic or commercial property with an EPC rating below E. As of April 2020, this will apply to all tenancies. The consultation is now open for responses and is due to close at 11.45pm on 19th October 2018. (Source: Department for Business, Energy and Industrial Strategy , Landlord News UK, July 30, 2018) Contact: Department for Business, Energy and Industrial Strategy , Call for Evidence HERE.

More Low-Carbon Energy News Building Energy Performance,  Energy Efficiency,  


BP, Elion Partner on Forestry Carbon Offset Program (Int'l)
BP, Elion Group
Date: 2018-06-27
In Beijing, Elion Group and BP are reporting the signing of a carbon emission purchase contract for Chinese Certified Emissions Reductions (CCERs) from the forestry sector.

With the purchase of CCERS, BP will support the existing carbon stocks on nearly 1,400 sq. kilometers of desert oasis in the Inner Mongolia Kubuqi Desert. This agreement will also provide further support to Elion to further develop projects on ecological restoration in China, including the ongoing Kubuqi Desert ecosystem restoration project.

Elion is helping to accelerate the development of China's green finance, through the design and deployment of tools to help promote social capital investment in local environmental projects. (Source: Elion Group, BP, ACROFAN, 26 June, 2018)Contact: Elion Group, www.elion.com.cn.

More Low-Carbon Energy News Carbon Offset,  BP,  CERs,  


London Plans Low-Carbon Products Center Ahead of Brexit (Int'l)

Date: 2018-03-30
In the UK, Britain's and a world financial hub, the City of London reports it will work with the China Green Finance Committee to develop financial products including green credit, green bonds, green funds and low-carbon finance to help fund a number of projects under China's "Belt and Road Initiative" aimed at increasing trade and infrastructure links to central Asia, Europe and beyond.

The move comes as the UK and London's financial district tries to increase its business links with China and expand overseas markets ahead of Britain leaving the European Union. (Source: South China Morning Post, Various Others, Mar., 2018)

More Low-Carbon Energy News Green Energy,  Low Carbon,  


Philippines BDO Issues $150Mn Green Bond (Ind. Report)
World Bank IFC
Date: 2017-12-11
The Philippines' largest lender BDO Unibank has raised $150 million from a pioneering offshore "green" bond issuance, boosting private sector funding for climate change mitigating initiatives. The funds will be used exclusively to finance climate-smart projects including renewable energy, green buildings, and energy-efficient equipment.

The green bond is seen to provide an alternative source of long-term green finance in the country and contribute to the Philippines' target of reducing carbon emissions by 70 pct by 2030 relative to its Business As Usual scenario. The financing deal is expected to help save 93,000 tpy of CO2 emissions per year by 2022, according tothe bank's website.

The World Bank International Finance Corp. (IFC) is the sole investor in the bond. Since 2005, IFC has invested $18.3 billion in long-term financing from its own account, and mobilized another $11 billion through partnerships with investors for climate-related projects. Overall, IFC has issued $7.25 billion in green bonds in 12 currencies. (Source: BDO, Philippine Daily Inquirerer, 8 Dec., 2017)Contact: BDO, www.bdo.com.ph; World Bank International Finance Corp, https://finances.worldbank.org/ifc

More Low-Carbon Energy News Green Bond,  Climate Change Mitigation,  Climate Change,  World Bank IFC,  


EBRD Ups Egyptian, Serbian Wind, Solar Investments (Int'l)
European Bank for Reconstruction and Development
Date: 2017-10-20
In London, the UK-headquartered European Bank for Reconstruction and Development (EBRD) reports it is financing more than 1 GW of new renewables capacity in 2017. To date, the Bank has invested more than €4 billion directly in renewable energy, supporting projects in over 20 countries and funding more than 6.5 GW of capacity.

In this new announcement, the EBRD is financing 16 new solar power plants totaling 750 MW in Egypt including the 1.8 GW Benban solar site -- the largest solar installation on the African continent. The EBRD has also financed two recently completed Serbian wind projects totaling 300 MW.

EBRD investments over the last decade have focused increasingly on sustainable energy in support of climate finance. The EBRD is well on the way to meeting commitments made in the run up to the 2015 Paris Climate Agreement of dedicating 40 pct of its total annual investments to green finance by 2020, the Bank says. (Source: EBRD, New Europe Online/KG, 18 Oct., 2017) Contact: EBRD, +44 (0) 207 338 6000, www.ebrd.com

More Low-Carbon Energy News European Bank for Reconstruction and Development,  EBRD,  Wind,  Solar,  Renewable Energy,  

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