The Government prepares to unveil Green investment bank plans

29.06.2010

In a report expected today, 29^th June, the Government are likely to unveil details of a new ‘green investment bank’, which could see an end to the Carbon Trust and the Energy Saving Trust, to make ‘green’ funding streams more efficient and raise funds for the bank. 

According to a commission set up to examine how a green investment bank could work, putting the UK’s economy on a low-carbon footing will cost about £550bn by 2020.

The commission, chaired by the former European chairman of Merrill Lynch, Bob Wigley, said “selling green ISAs could raise up to £2bn a year, which would be invested in projects including offshore wind farms.”

To read the full article visit the Financial Times website.