TITLE

Green investment Bank faces critical test over funding shortfall

AUTHOR(S)
Jansen, Mark
PUB. DATE
January 2011
SOURCE
Ecologist;Jan2011, Vol. 40 Issue 19, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses Great Britain's Green Investment Bank (GIB), a venture created to stimulate private-sector development of low-carbon energy. Chancellor of the Exchequer George Osborne is noted for his pledge of a billion British pounds to the GIB. Controversy regarding operation of the bank, funds that should be invested, and limitations of risk associated with invested public money is discussed. Professional services firm Ernst & Young is noted regarding its cautious attitude toward the GIB. Details of GIB's operation are anticipated with release of the Coalition government's 2011 budget.
ACCESSION #
60298773

 

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