Today the AG has supported an open letter to Caroline Spelman published in the Financial Times, initiated by two of its members, the Co-operative and WWF, calling for reporting of carbon emissions by companies to be made mandatory. The letter argues that this would reward the companies already taking a lead in the green economy and help all businesses to manage and reduce their GHG emissions.
Business Green reported on the key discussions of the Aldersgate Group's 'Green Investment Bank Summit' (GIB), held in Bank of America Merrill Lynch's offices last night. The article reports Martin Donnelly, the BIS Permanent Secretary's comments the GIB could be making its first major investments before the end of next year. To read the full article, click here.
An article in The Times today tackled the issue of how the burgeoning green sector is to be capitalised. The Aldersgate Group believes that the role of the Green Investment Bank (GIB) will be crucial, and Andrew Raingold, Deputy Director of the Aldersgate Group, was quoted: "The bank must have a clear mandate to leverage low-carbon investment and support the development of low-carbon and environmental industry, research and development, manufacturing, services and exports."
The full article can be found on page 10 of the document found on this link.