Tag: Green Finance Institute

Closing the Climate Finance Gap: Indonesia’s Ministry of Finance and Green Finance Institute, UK, Develop Governance Blueprint for the Sustainable Finance Committee

Stuart Mitchell

The Ministry of Finance, OJK, and Bank Indonesia are working to establish the Sustainable Finance Committee (SFC), as mandated by Law No. 4/2023, and are currently drafting a supporting government regulation. The Green Finance Institute (GFI), a globally recognised financial institution and expert in green finance, supported by the UK Foreign, Commonwealth and Development Office’s Financial Services Centres of Expertise programme, has taken on a strategic role in Indonesia by working with the Ministry of Finance to develop a White Paper. This document will propose the governance structure for the…

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Local Climate Bond market attracts £16 million in private funding to support local authority net-zero projects

Stuart Mitchell

Two major private investors – Esmée Fairbairn Foundation (“Esmée Fairbairn”) and Unity Trust Bank (“Unity”) – have committed significant funding to scale the green municipal investment market (also known as Local Climate Bonds), opening new opportunities for local authorities to accelerate their net-zero projects. The commitments made reflect confidence in municipal investing’s ability to combine strong, predictable returns with tangible local impact. These local authority green investments deliver a scalable solution for citizen-led financing of place-based climate initiatives making a difference to cities and communities across the UK. According to…

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Independent advisory group publishes advice for mobilising adaptation and resilience investment in the UK

Stuart Mitchell

The independent Land, Nature and Adapted Systems (LNAS) Advisory Group has released its second and final report, providing a framework to define adaptation and resilience enabling investments to mobilise adaptation finance and increase the nation’s resilience to escalating climate risks. Globally, increasingly frequent and extreme weather events and chronic risks from rising sea levels and coastal erosion threaten lives and economies.[1] The message is clear, no region is immune to the mounting pressure of climate change and adaptation is essential in a 1.5°C, or warmer, world. In this report titled…

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Replicating international approaches to retrofit finance could reduce bills in 675,000 UK homes a year

Stuart Mitchell

The Green Finance Institute unveils its latest analysis, ‘Unsecured Green Home Loans: Consumer Protection and Scale in International Markets’, analysing how international innovation and consumer protection can be applied in the UK to accelerate home retrofits required for the decarbonisation of the built environment. The Department for Energy and Net Zero’s next steps for the Warm Homes Plan, announced last week, is welcomed to support retrofitting UK homes, however, provisions needs to be made in the UK for solutions to offer the low-interest loans and grants outlined in the labour…

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Innovative property-linked solution could accelerate the decarbonisation of UK buildings, according to groundbreaking report

Stuart Mitchell

The Green Finance Institute (GFI), in partnership with Lloyds Banking Group and NatWest Group, has unveiled a groundbreaking report outlining the potential for an innovative green finance mechanism, Property Linked Finance (PLF), to channel billions of pounds worth of private investment into sustainable retrofit across the UK. The report sets out a series of guiding principles and key steps for how PLF should be designed and launched in England and Wales, including calling for enabling legislation from the government as well as the establishment of pilot programmes, initially in the…

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