Low Carbon Finance
Green Banking
By Ingrid Holmes
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
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By Ingrid Holmes
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
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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
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By Nick Mabey
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
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