EIF supports €2.5 billion of climate action investment with five venture capital, private equity and infrastructure fund partners

At last month’s COP27 climate conference, the European Investment Fund (EIF), Europe’s largest venture capital and private equity financier, signed investments totalling €247 million to enable five equity funds to back €2.5 billion of climate action investment that helps to deliver the European Union’s climate and energy targets. The new financing contributes to the European Green Deal, the roadmap for Europe to become the first climate-neutral continent by 2050, and REPowerEU, the plan to rapidly reduce dependence on Russian fossil fuels and fast forward the green transition. The investment agreed…

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Demonstrators show smart local energy systems’ net zero benefits

Prospering from the energy revolution demonstrator trials show smart local energy systems can make a real contribution to net zero delivery, but barriers remain. Background to the demonstrator trials Findings from Innovate UK trials are showing that place-based energy projects could bring major benefits for towns and cities by: helping them decarbonise more rapidly supporting the drive to net zero catalysing investment right across the UK At the same time, the trial projects have identified barriers in the way of rolling out such systems more widely. 2 new insight reports…

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BNP Paribas Asset Management outlines roadmap for achieving net zero portfolio emissions by 2050

As a signatory to the Net Zero Asset Managers initiative, BNP Paribas Asset Management has committed to supporting the goals of net zero greenhouse gas (‘GHG’) emissions and to support investing aligned with net zero emissions by 2050.  BNPP AM has today outlined its Net Zero Roadmap, covering the progressive alignment of its portfolio investments with the goal of reaching net zero emissions, together with associated efforts across its stewardship activities and its operations.  BNPP AM’s Net Zero Roadmap is based on 10 commitments targeting net zero portfolio emissions by…

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ICO launches consultation on how it prioritises FOI complaints

The Information Commissioner’s Office (ICO) has launched a consultation on how it prioritises the complaints it receives about public bodies’ handling of Freedom of Information (FOI) requests. Limited funding, an increase in FOI cases brought to the ICO and an increased need to support stretched public authorities have created ‘a perfect storm’. The ICO is therefore looking at ways to improve its FOI casework services to make information rights work more effectively. The proposal is to prioritise complaints where there is a clear public interest in the information that has…

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