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Commission details Green Investment Bank
Bank to endorse waste-derived biofuels
5 July 2010A report by the Green Investment Bank Commission has recommended the purpose and function of a Green Investment Bank, as proposed by the Government. Approximately £550 billion of investment will be needed by 2020 to facilitate the transition to a low-carbon economy.
The Bank would operate primarily to mitigate investment risk, increasing access to capital and making more effective use of Government resources. In terms of the waste sector, the Chair of the Commission, Bob Wigley, has stated the Bank would invest in local community waste infrastructure, with the private and public sectors, as well as proividing support to technology areas with proven results, such as waste-derived biofuels.
