The coalition government in the UK has released details of a potential Green Investment Bank. The released report focuses on the importance of the UK becoming a low-carbon economy, reducing emissions, offsetting carbon and investing in the growing green energy markets.
The report finds that private sector investment will be crucial in shifting the country to an eco-friendly economy.
The general secretary of the TUC commented, saying the bank would be a, "major step towards the crucial goal" of making the UK into a "world-leading green economy".
The bank has been described as carrying out investments with a social purpose as well as creating income streams for investors. Its job will be to raise the necessary equity and debt finance to fund nuclear power stations, wind farms, smart grids and other green energy projects.
The move is seen as indicating further interest in green energy investment in the UK and across the world.
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Hi,
ReplyDeleteThe Green Investment Bank, which is expected to have more than 2 billion worth of assets, was grandly announced by the chancellor who also added that bank would be the un-locker for billions worth of green energy potential. Thanks a lot...
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