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News & Events>CCC in the News>Concerns over green investment bank
05 December 2011, The Guardian
Concerns over green investment bank
The government's green investment bank (GIB) has had its actions so limited that it will not be able to support the coalition's much-vaunted "green deal" to refurbish millions of homes to save energy...
...Ben Caldecott, head of European policy at the low-carbon investment advisers Climate Change Capital, said: "If it's only ever going to act as an investor of last-resort investing on market terms, and if it's going to avoid passing-through its lower cost of capital [from government], that could undermine its ability to deliver its objectives."
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