George Osborne’s Spending Review, just announced in Parliament with the full document available online here, makes provision for a new Green Investment Bank (GIB). This is a vital piece of policy to take forward the low-carbon transition. But the announcements look to be too little, too late.
The Government has pledged just £1bn of direct public funds for the GIB – despite a previously anticipated figure of £2bn – and falling far short of the £4-6bn that analysts and campaigners had been calling for. Read more