10 Aug '12, 12pm

This is how you do a Green Investment Bank - €100bn over five years, 1% rates of interest

Germany's national infrastructure bank KfW has this week confirmed it has cranked up its investment in renewable energy and energy efficiency projects, revealing that it now plans to provide €100bn of finance to the country's green economy over the next five years. As part of the bank's half yearly update KfW revealed 41 per cent of its promotional business volume went to support projects involved in "environmental and climate protection", totalling €12.1bn of loans. FURTHER READING A123 Systems recharges battery business with $450m Chinese investment UN chief calls on US to suspend biofuel mandate It added that it now expects to deliver an "environment quota" of 36 per cent of its business for the whole of 2012, a significant increase on the 32 per cent quota delivered last year. Dr Ulrich Schröder, chief executive of KfW Bankengruppe, said the increase in green investmen...

Full article: http://www.businessgreen.com/bg/news/2198109/german-infra...

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