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United Kingdom: Green investment bank's chief plans to borrow and raise debt

2013-05-09 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The chief of the UK's 3bn green investment bank is preparing to move the bank to borrowing and raising debt, in order to vastly expand its scope in bringing forward renewable energy and other environmental projects across the country. The move would be a sharp break with the current set-up of the bank, which on Thursday published data for the first time on its initial investments totalling 635m. It receives money from the Treasury in order to fund green projects, but is not allowed to raise...

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