Newcastle International Airport has secured its first-ever sustainable finance package, totalling £208 million, from HSBC, ING, NatWest and the Development Bank of Japan (DBJ), to help reach net zero by 2035.
Clean private investment is required to increase by over £140 billion over the next five years if the UK is to reach its net zero targets, states the New Economics Foundation (NEF).
The government has unveiled £10 million in funding for new green finance research hubs in a bid to position Leeds and London as “global centres for green finance”.
The Green Finance Institute has launched a Zero Carbon Heating Taskforce, to develop a portfolio of financial solutions to unlock investment in the sector.