Dec 01 2011
In April 2010 the UK Government committed £3 billion in start up finance for the Green Investment Bank (GIB). This was followed in May 2011 with the publication of a high level business model and early sector focus for the GIB on offshore wind, efficiency and waste investments. A GIB Advisory Group, Chaired by Sir Adrian Montague, has been appointed to help advise on the set up and strategic
Aug 07 2011
During 2010/2011 E3G undertook research into the low carbon financing challenges facing European Member States that we felt represented a cross-section of the EU. The Member States selected were Estonia, France, Germany, Poland and Spain. The purpose of this research was twofold. First, to better understand the role European public banks and financing institutions play in their economies.
May 03 2011
The UK’s new “Green Deal” energy efficiency policy framework aims to address a legacy of poorly insulated housing stock and rising fuel poverty as well as climate and energy security concerns. Estimated to create 100, 000 jobs over the next 5 years, the programme is described by the UK’s Secretary of State for Energy and Climate Change as a “once-and-for-all refit that will make every
Mar 21 2011
In light of the continued battle amongst various governmental departments to set up a green investment bank in the UK, Nick Mabey wrote a comment piece that will appear in The Guardian today. The full text of Nick’s article is available below.
The chancellor must not bow to Treasury orthodoxy when it comes to the measures needed to build a green economy
When defending its deficit reduction
Jan 14 2011
An investment of £750 billion is needed by 2025 to help decarbonise the UK economy. The Green Investment Bank (GIB) is required to help secure this investment. It can achieve this at least cost to the taxpayer and can act as a catalyst for green growth.
It should work with the market to identify and address market failures that limit
Sep 29 2010
Bank could re-power the economy and create jobs
A powerful group of big businesses, NGOs and cross-party MPs today urged the government to deliver a bold vision for the Government’s Green Investment Bank (GIB).
The creation of a GIB is a key pledge of the Coalition Government but there are concerns that
Jun 29 2010
A report published today by the Green Investment Bank (GIB) Commission, a fully independent group convened by the Chancellor of the Exchequer to advise Government, highlights the urgent need for a new public financial institution to unlock the investment needed for Britain to deliver a timely transition to a low carbon economy.
The Commission, which consulted widely with financial
May 24 2010
Over the past year in the UK there has been extensive public debate over the role a Green Infrastructure/Investment Bank and green bonds could play in catalysing investment in the low carbon economy. In May 2010, the Conservative-Liberal Democrat coalition government document identified the creation of the Green Investment Bank as a key political priority. E3G is publishing today a suite of
Feb 03 2010
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
Jul 01 2009
The financial crisis presents both risks and opportunities to the UK’s low carbon transformation.
As public funding will be squeezed, the public will be less willing to see energy prices rise in the short term to pay for low carbon investment.
On the other hand, aggressive investment in energy efficiency, renewables and other low carbon infrastructure generates opportunities in the form
