smartphone orten software here handy ortung russland mspy auf iphone 6s Plus installieren spy cam app iphone 6s Plus handy kindersicherung internet vergleich sms spy yahoo
Skip navigation.
Home
... for greater sustainability and local resilience

News

A collection of news stories, reports and announcements from or about Transition related matters.

To add news stories, just click on 'add new comment' and fill in the 'Post a comment' form.

To comment on any of the items, just click on the item itself and then click 'reply' (bottom of page)

PaulS's picture

publicly-owned green bank

Call for publicly-owned green bank in UK
Ecologist

National green bank would help finance major renewable projects like offshore wind that might not otherwise get off the ground. The UK's transition to a low-carbon economy is being held up by a lack of finance, says a respected think tank, which has called for a publicly-owned Green Bank to be set up.

Green Alliance say a Green Investment Bank would provide capital and guarantees exclusively to low-carbon projects.

It said the recession had left a 'succession of major renewable projects' struggling to raise the necessary finance to get off the ground.

Offshore wind in particular is known to have difficulties in getting finance from banks which are wary of investing in the sector because of construction risks and the challenges of maintenance and operation.

Industry confidence

Green Alliance said in such cases the Bank could step in and provide the initial capital or guarantees as part of a multi-bank investment.

'One significant advantage of a Green Investment Bank would be to give the market greater confidence in the long-term future of low carbon investments and encourage private capital into the market far quicker than would otherwise happen,' said Green Alliance associate and report author Chris Hewett.

Green Alliance said the bank could also help take proven low-carbon technology from a demonstration to commercial scale.

Hewett said the transition to a low carbon economy would require massive private investment over the next generation.

article continues: http://www.theecologist.org/News/news_round_up/342394/call_for_publiclyo...