| In the UK the first Green Investment Bank |
 The U.K. government has announced its commitment to quickly create an effective and permanent Green Investment Bank (GIB) - the first national bank dedicated to the green economy – that will work over the long term to deliver a low carbon transformation of the economy.
The bank will be capitalized with an initial 3 billion pounds from the Treasury but it has been confirmed that it would be free from any Treasury legislation and will be able to borrow in the capital markets and from the private sector as of April 2015. According to the declaration of Mr. Nick Clegg, the deputy prime minister, the UK Government would bring forward legislation to ensure the "independence and enduring nature of the bank". For more information check here. |
SD Community
Sino-Italian
Sustainable
Development
Community
Isola di San Servolo
30100 Venice
ITALY
T +39 041 2719511
F +39 041 2719510
E sdcommunity@univiu.org