The coalition Government believes that climate change is one of the most serious threats that the world faces. The Prime Minister has pledged to make this the greenest government ever.   This includes reducing the Government's own emissions by ten per cent between mid-May 2010 and mid-May 2011. The Government has said it is committed to playing its part in moving to a low-carbon economy.  This transition will change the shape of industry, growth and jobs in the future and as part of this, the UK needs £200 billion of investment to 2020 to provide secure low-carbon energy.  This will require reform of the energy market and action to attract additional private sector funding.

One of the key steps towards this goal will be to put forward detailed proposals on the creation of a Green Investment Bank, following the Spending Review, to help the UK meet the low-carbon investment challenge.  The Government is considering a range of options for the scope and structure of the Green Investment Bank.

< Back