business

17 Jun

Banks Are Finally Realizing What Climate Change Will Do to Housing

stp2y0 CommentsRAG modelsbanks, business, climate change, environment, housing, science

Clean energy firms are reaping the rewards of this emerging shift. Aira, a Swedish firm that carries out heat pump installations, recently announced that it had struck a deal valued at €200 million ($214 million) for loan commitments from the bank BNP Paribas. This will allow Aira customers in Germany to pay for their heat pumps in installments.“Banks and financial institutions have a huge responsibility to accelerate the energy transition,” says Eirik Winter, BNP Paribas’ CEO in the Nordic region. That the financing arrangement could also boost property values is a “positive side effect,” he adds.Home renovations and energy retrofits…

07 Jun

British Startups Just Can’t Seem to Scale

stp2y0 CommentsRAG modelsALPHABET INC-CL A, artificial intelligence, business, Conservative, europe, Government, politics, science, startups, Technology, United Kingdom, venture capital, view, Wealth

This is part of a series on what 14 years of Tory rule have delivered for Britain’s economy, society and standing in the world. The challenges awaiting the next government are numerous. Britain takes a third of all the money flowing from venture capital investors into Europe and has done so almost consistently for the last 14 years. Its ecosystem has thrived independent of Conservative Party policies, thanks in part to its wealth of English speakers and world-class universities. Even Brexit failed to stop talented engineers from taking jobs at British tech firms, many of whom count around a third…