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Green Investment Bank recommendations unveiled
29 June 2010
Welcoming today's report (Tuesday, 29 June 2010) by the Green Investment Bank Commission, which sets out a number of recommendations for the establishment of a Green Investment bank, Friends of the Earth's Senior Economy Campaigner Simon Bullock said:
"A Green Investment Bank is urgently needed to help finance the development of a low-carbon economy and create new jobs and businesses - but it should be independent, funded by auctioning EU emissions trading permits, and focused on developing the UK's vast renewable energy potential and slashing energy waste.
"Developing a greener UK will not only cut our climate-changing emissions: it will boost the economy, reduce our reliance on overseas fossil fuels and build a safer, cleaner future for us all.
"But we cannot afford to dither - the coalition must make setting up the Green Investment Bank a major priority."
ENDS
Notes to Editors:
1. Unlocking investment to deliver Britain's low carbon future - report by the Green Investment Bank commission: http://snipurl.com/yc3mg
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Published by Friends of the Earth Trust
Last modified: Jun 2010
