Nick Clegg delivers details of the Green Investment Bank
Deputy Prime Minister Nick Clegg today gave more detail on the Coalition鈥檚 agenda for climate change and the green economy.
Mr Clegg gave more detail on how the Coalition will meet its ambition to be the greenest government ever.
In his , Mr Clegg gave details of the workings of the world鈥檚 first Green Investment Bank.
皇冠体育app bank聽is intended to bridge the gap between venture capital and the green economy, provide the finance for low carbon infrastructure and lay the foundation for long-term, balanced growth.
皇冠体育app Deputy Prime Minister said that the Government will bring forward legislation to ensure both the operational independence and enduring nature of the Bank and has guaranteed 拢3 billion for the initial capitalisation of the Bank.
Mr Clegg said early possible priorities for the Bank are offshore wind, waste, and non-domestic energy efficiency.
We are also looking at the potential for using the Bank to help deliver the first stages of the Green Deal.
Mr Clegg said that the Green Investment Bank is only part, though a vital one, of the Government鈥檚 action to seize the opportunities of a green economy, and meet the obligations of current and future generations.
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