Apr 29 2013
On 25th April 2013 the UK Government enshrined in Statute the UK Green Investment Bank (GIB). The GIB is the world’s first public bank dedicated exclusively to financing low carbon and green infrastructure and business. In April 2010 the UK Government allocated £3 billion in start up capital to the institution and soon after the GIB – operating in its ‘shadow form’ known as UK Green
May 09 2012
Press release
Tuesday 9 May 2012
E3G becomes a Member of the Green Deal Finance Company
On 1st May 2012 E3G formally became members of the Green Deal Finance Company (TGDFC) − a mutual organisation whose purpose is to provide cost-effective finance to back the UK Government’s Green Deal initiative.
Ingrid Holmes, Programme Leader, Low Carbon Finance said today: “We are hugely
Apr 30 2012
Austerity isn’t working
With European Union output still 2% lower than pre‐crisis levels and 16 of 27 Member States experiencing a 5% or more increase in unemployment, a new report from E3G argues that the time has come to consider a second round of fiscal stimulus. This time, however, it focused on energy efficiency to drive growth and build the foundations of a sustainable economy.
The
Apr 24 2012
BEYOND “GETTING THE PRICES RIGHT”: EXPLORING THE PRACTICAL ECONOMICS OF THE LOW CARBON TRANSFORMATION, PARIS, 3 APRIL 2012
The rapid pace of innovation in low carbon policy making is outpacing capacity to learn lessons. Policy learning should be accelerated to avoid costly mistakes. Climate change policy is moving beyond traditional instruments to drive market reforms, innovative
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
