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Aldersgate Group welcomes Green Investment Bank Commissions proposals

29th June 2010

The Aldersgate Group supports the report by the Green Investment Bank Commission, launched today.

Commenting on the report, Peter Young, Chairman of the Aldersgate Group, said: "The Commission's report is consistent with our own analysis which finds that UK climate targets will not be achieved without robust government intervention. We strongly support the establishment of a Green Investment Bank (GIB) to address market failures and rapidly scale up the delivery of a low carbon economy. If implemented quickly, this has the potential to be one of the cornerstone policies of the new government, leading to a more balanced and prosperous economy which the Chancellor underlined last week.

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