The Conservatives selling off the Green Investment Bank is environmentally irresponsible
22 Apr 2017
Newcastle Liberal Democrats condemn Tories' move to wash its hands of the Green Investment Bank, which was established at the insistence of the Liberal Democrats in 2012. They raised around £3bn after investing £3.8 bn
The UK Green Investment Bank (GIB) is the world's first investment bank dedicated to greening the economy. With governmen funding, the GIB invests in innovative, environmentally-friendly areas for which there is a lack of support from private markets. This includes offshore wind power generation, waste-handling plants, energy efficiency measures, biofuels, biomass, carbon capture and storage, marine energy and renewable heat generation