UK Business Secretary Vince Cable has announced that the headquarters of the world’s first Green Investment Bank will be located in Edinburgh, with the bank’s main transaction team based in London.
Edinburgh and London beat the likes of Manchester, Leeds and Birmingham to win the bidding for the Green Investment Bank (GIB).
The GIB will be the world’s first investment bank solely dedicated to greening the economy and will spend £3 billion between now and 2015.
Energy generation from waste will be among the first sectors that will
benefit from the GIB and this could result in major investment in anaerobic
digestion and advanced conversion processes for making bioenergy and
Tags: green economy, UK Green Investments
Source: NNFCC, 2012-03-08.