Green loans spike as government supports new home loan program
The Bendigo Bank has reported a massive 600% spike in customers accessing green loans in the last year. The news comes just after the federal government’s green bank paired up with the Commonwealth Bank to begin offering builders and renovators working to high energy efficiency standards reduced rates on their home loans.
Commonwealth puts $20 mill into Amber, helping energy customers ditch exxie fossil fuels for renewables
That’s the Commonwealth Bank of Australia we’re talking about, not the Commonwealth Government … but someone has to lead the way. Sustainability-savvy CBA is placing an investment bet on innovative energy retailer, Amber.
Long-read: Finance hopping the fence to the greener grass
As Green Finance begins to be seen more and more as global best practice the energy transition can only accelerate. This week, two stories attest to the growing acceptance of green finance by major financial institutions – ANZ Bank has pledged to extricate itself from thermal coal by 2030 and pursue more sustainable policies and Mike Cannon-Brookes supported startup Brighte announces Australia’s first 100% green asset-backed securitisation, $190 million in debt financing for Australians looking to uptake solar and battery storage in their home.
Cleantech Solar secures Asia Pacific’s largest ever C&I green loan
Singapore-based commercial and industrial solar developer Cleantech Solar has secured a US$75 million in green finance from ING Bank, the Asia Pacific’s largest ever C&I solar green loan. As the world’s fastest growing electricity market, South East Asia is crying out for this kind of investment.
