E3G

Conservative Party announces Green Investment Bank plans

By Nick Mabey

Shadow Chancellor George Osbourne announced on November 24th that the Conservative Party would be consulting on the creation of a Green Investment Bank, which will invest in the next generation of green British businesses.

This announcement was followed by the creation of a high profile working group – the Green Investment Bank Commission on February 2nd, advised by Lord Stern of Brentford and chaired by Bob Wigley, Chairman of Yell Group Plc. 

E3G’s Nick Mabey has been selected to join this Commission to provide independent advice to the Conservative Party over the coming months on the role, scale and focus of the bank.

Other members in the commission include:
Bob Wigley, (Chair) Chairman Yell Group plc
James Cameron, Vice Chairman, Climate Change Capital
Katherine Garrett-Cox, Chief Executive, Alliance Trust plc
Seamus Keating, CFO, Logica plc

Nick’s appointment builds on work done by E3G over the past year to build the case and vision for a Green Investment Bank. 

Media coverage

FT: Conservatives will force Whitehall to cut emissions or lose funding

Guardian: Tories pledge 10% cut in government emissions

The Independent: George Osborne: The Treasury should lead the fight against climate change

Telegraph: Tories to pay people to recycle in green revolution

Times Online: Tories part the clouds for blue-sky vision of a green and pleasant land

Daily Mail: Council to give families M&S vouchers… for putting their rubbish in the right bins