Published on 22 Jun 2010 • England, Wales |
"The BPF believes that the most effective function of a Green Investment Bank would be to help to finance the transition from an electrical grid which is dependent upon fossil fuels to one which relies on greener sources of energy in greater proportions. It should also be used to finance "exemplar" projects to establish whether outstanding energy efficiency commands a market premium. However, it remains to be seen from where the seed funding for such a bank would be found, particularly against the backdrop of today's austerity Budget."