Ministers must publish a plan to secure the investment needed to meet the UK’s carbon budgets after a series of Government policy changes have contributed to a collapse in clean energy investment, according to MPs on the Environmental Audit Committee.

The House of Commons Environmental Audit Committee has launched a Green Finance inquiry to scrutinise the Government’s strategy to develop ‘world leading Green Finance capabilities’.

Welsh Water has signed a £250 million loan facility with the European Investment Bank. The loan will help finance the company’s extensive capital expenditure programme and its plans to further develop renewable energy generation capacity at its sites.

The European Investment Bank (EIB) has signed a €40 million finance contract to improve drinking water supplies to the greater Nicosia region, along with an additional EUR 15 million of financing for anti-flooding infrastructure investments in Larnaca, reaffirming the EU bank’s commitment to Cyprus.

The European Investment Bank (EIB) has signed a €120 million loan agreement with the Dutch local water authority Waterschap Hollandse Delta (WSHD).

Tideway, the new company established to construct the Thames Tideway Tunnel in London, has announced a bond issue totalling £100 million to help fund construction of the £4.2 billion supersewer.

The European Investment Bank has agreed to provide £500 million to support a major reinforcement of the electricity transmission network in the north of Scotland to improve connections between wind, wave and tidal renewable energy schemes and the national power network.