Concern has been highlighted by the renewable energy sector and environment-friendly policy supporters alike over the problem of will the Green Investment Bank sell-off by the UK national government, put at risk its Social Function? The objective of the GIB when developed by the Liberal/ Conservative Joint Government 2010 to 2015, was to offer finance to the renewable energy sector. Which has been something which various other financial establishments were (and also still are) finding it difficult to provide with money, because of perceived high financial risks.
Numerous people are saying that privatisation could be a positive move, as long as the GIB does proceed without scrapping its Social Function. The Liberals and also environment-friendly groups, see it as absolutely nothing even more than a cynical action by the present government, to make an earnings on the sale.
This it is being said, would be ecologically negligent.
|The Green Investment Bank (GIB) Must Maintain Its Social Purpose|
Below we have included information about this, from a variety of sources to give our viewers with the largest feasible point of view on this important renewable energy market topic.
Our cornerstone content, as included in the video above, is the short article in the CIWM Journal Online, replicated partly below:
The Green Investment Bank (GIB) must maintain its social purpose the Renewable Energy Association, says, following the closure of the sale to Macquarie Group. The renewables industry urges the new Bank owners to maintain its “social purpose”, namely to ... via GIB Must Maintain Its “Social Purpose”, Says Renewables Sector
The Environmental Audit Committee (EAC) has warned the Government that its proposed “privatisation” of the Green Investment Bank (GIB) must not go ahead unless Ministers can ensure that the Bank’s guiding green objectives are protected and strengthened. via Green Investment Bank Must Retain “Green Purpose” In Private Sector
Macquarie says its £2.3bn takeover of the Green Investment Bank will support globalisation of the renewable energy industry as the Australian financial group prepares to expand its newly acquired UK fund into the rest of Europe. The UK government agreed ... via Macquarie completes £2.3bn Green Investment Bank deal
The sale of the Green Investment Bank (GIB) by the UK government has been completed. The institution, which is based in Edinburgh, has been sold to Macquarie Group for £2.3bn and will now operate under the name Green Investment Group. The government said ... via UK government completes sale of Green Investment Bank
The sale of the government-backed Green Investment Bank (GIB) for £2.3bn to a consortium led by Macquarie Group Limited has been completed this week. Concerns stem from whether the mission of GIB will be safeguarded after its privatisation. The GIB has ... via GIB going, going, gone! The future of the Green Investment Bank and sustainable investment in the UK
The controversial Green Investment Bank privatisation has this morning completed, the third big deal to get the go-ahead in a matter of hours. Australian investment bank Macquarie said in a statement that its consortium has now tied up the £2.3bn deal. via Acquisitions August? Controversial Green Investment Bank sale done, Heineken punches the air and Reckitt Benckiser sells sauce
Former business secretary Sir Vince Cable has hit out at the Government's sale of the Green Investment Bank (GIB), branding the move as "environmentally irresponsible". Sir Vince, leader of the Liberal Democrats, said the £2.3 billion sale to a consortium ... via Vince Cable slams 'environmentally irresponsible' sale of Green Investment Bank
Australian investment bank Macquarie has completed its purchase of the formerly government-owned Green Investment Bank for £2.3bn. Bosses pledged the fund will remain a leading investor in green infrastructure in the UK and Europe. British biotech firm ... via DAILY BRIEFING: Australia's Macquarie completes purchase of Green Investment Bank
The Scottish Greens have questioned the green credentials of the Green Investment Bank after it was sold to a company that has invested billions of pounds in fossil fuel projects. Australian bank Macquarie has a history of investing in fracking and ... via Greens comment on sale of Green Investment Bank