24 Nov '15, 5pm

Todays @GreenInvBank milestone shows that decarbonisation & growth go well together #ukpoli https://t.co/svRUGPvdD9 http…

Green Investment Bank Demonstrates Potential of the Renewable Economy Posted: 24 November, 2015. By Mark Sommerfeld The REA welcomes the GIB’s milestone achievement of attracting £10 billion worth of low carbon investment in the UK. For an institution merely three years old it has clearly risen to the unprecedented challenge of helping to decarbonise the British energy sector. The REA would like to congratulate the employees at the Bank for their important work. REA’s 2015 REview report suggests a total of £42.1 billion of investment over the next five years will be required in the UK power sector alone if we are to meet our 2020 renewable energy targets. This could be as much as an estimated $500 billion globally, if we are to collectively meet the international pathway for avoiding dangerous runaway climate change. As such, we look forward to the Bank’s continued investm...

Full article: http://www.r-e-a.net/blog/green-investment-bank-demonstra...

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