This paper is the fifth in ACE’s infrastructure investment series and explores in more detail the current market conditions, challenges and rationale behind the Green Investment Bank. It concludes that whilst the Green Investment Bank is a step in the right direction, there are some issues which if left unchecked, could undermine confidence in its ability to facilitate green investment.
Key findings
- The Green Investment Bank is a step in the right direction, but finance conditions continue to raise concerns about scale and speed of implementation
- The GIB needs to improve transparency and information sharing for investment to take place
- Perceptions surrounding the GIB and the subsidisation of green projects needs to evolve if investor confidence is to be gained
- The current plan for granting the Green Investment Bank’s borrowing powers should be reinforced further
- The GIB should continue to expand and identify other areas where it could facilitate investment
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