The Green Investment Bank : second report of session 2010-11 : Volume I : report, together with formal minutes, oral and written evidence /Publisher: London, U.K. The Stationery Office Limited 2011Description: PDFISBN: 021555681X; 9780215556813Subject(s): Environmental Policy Economic Aspects - Great Britain | Banks And Banking | Investments Law And Legislation - Great Britain | Public-private Sector Cooperation | Finance, Public Government Policy | Climatic Changes Government Policy - Great Britain | Finance | Environmental Protection | Great Britain. Parliament. House Of Commons. Environmental AuditCommittee | Climate ChangeOnline Resources: Electronic copy
March 2011 HC 505
The UK has a legal commitment to reduce its carbon emissions by 2050, and also to generate a higher percentage of energy from renewable sources by 2020. The Committee on Climate Change and others have called for a 'step change' to deliver the new low carbon infrastructure required to meet these targets. The scale of investment needed is unprecedented: most estimates range between 200 billion and 1 trillion over the next 10-20 years. Traditional sources of capital for investment in green infrastructure can only provide 50 to 80 billion up to 2025, leaving a funding gap running into hundreds of billions of pounds. The Government's top priority is to cut the deficit, so investment will have to come predominately from the private sector. To bring in this investment, there are a number of market failures and investment barriers that require urgent remedial action. A Green Investment Bank will be an essential means of unlocking the enormous scale of private sector investment needed.
Green Investment Bank.pdf