UK outlines plans for 'green bank'

2011-05-24 12:36
London - The British government says it plans to open the world's first green investment bank for business next April.

Deputy Prime Minister Nick Clegg said on Monday that the bank - a key part of the Conservative-led coalition government's flagship green policy - will focus initially on investing in areas such as offshore wind, waste and non-domestic energy efficiency.

Clegg said the bank will be given independence from government. It will be capitalised with an initial £3bn ($4.8bn) from the Treasury coffers but will be able to borrow in the capital markets and from the private sector from April 2015.
The bank is a major part of the government's aim to provide the finances to transform Britain into a low-carbon economy.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    climate change

linking and moving

2015-04-22 07:36 publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

Romania rally to down Canada
Lancaster upbeat over Burgess' union future
LIVE: Fiji v Uruguay
Scotland primed for Samoa
Traffic Alerts

Are you burning the candle at both ends? Listen to your body and your emotional reactions. Know when to slow down or stop. It is more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.