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World's first green bank loans $1bn in first months of operation
2013-05-10 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Britain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The bank, which opened in November 2012 and is capitalised with 3 billion pounds of government money, supported eleven projects over its first five months, most of which manage or produce energy from waste. Britain needs to drastically cut its carbon emissions by 2020 and set up the...
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Category:Electronics and Electrical
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