Green Investment Bank Supports Low-Carbon Growth
Published: 16 December 2010
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Executive Summary
On October 20, 2010 the UK government announced the establishment of the Green Investment Bank to accelerate investment in clean energy and sustainable technologies. The coalition government confirmed that the bank will be initially capitalized with £1 billion ($1.6 billion) in 2013 and will raise additional funding from the sale of government-owned assets. The Department of Energy and Climate Change and the Department for Business, Innovation and Skills will publish a detailed proposal for the bank in April 2011. The Green Investment Bank is being designed so it can ultimately raise additional capital from the private sector through the issuance of green bonds, unlock project finance for offshore wind projects at the high risk construction stage, and help to establish new sustainable financing models for green investment.
TABLE OF CONTENTS
UK GREEN INVESTMENT BANK SUPPORTS LOW-CARBON GROWTH
GIB Should Catalyse The Development Of Sustainable Financing Models
COMPANIES MENTIONED
Alliance Trust, Co-operative Bank, Climate Change Capital, DONG Energy, Department for Business, Innovation and Skills, Generation Investment Management, Department of Energy and Climate Change, E3G, EU Bank for Reconstruction and Development, Green Investment Bank Commission, Logica, Triodos Bank, Yell Group, World Bank