Markets working to support sustainable development

In the News: 27th June 2014

27 Jun 2014

Supply Chains

Fish for sale in a Sri Lankan market. Credit: Dhammika Heenpella (Flickr)

Investment

  • The Green Investment Bank announced plans to raise a further £1 billion as it unveiled its first set of annual accounts that showed the state-backed bank was not yet profitable.
  • Small British businesses looking to cut the cost of doing business can now access £2 million of additional energy efficiency finance following a new deal between the Green Investment Bank and ReEnergise - a renewable energy finance company.
  • According to a new study, new investment in vehicles for large-scale wind and solar energy is necessary and more efficient financial models could cut costs by 20 per cent.
  • There are several ways to make Indian development more sustainable, including financial innovation: government and development banks must provide dedicated resources and focus more on capital than debt, argued Mustapha Kleiche, Senior Investment Officer, at a conference earlier this year.

Development