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United Kingdom: Ministers urge safeguards for Green Bank to retain low-carbon mandate

2016-03-07 01:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The head of a parliamentary committee is to demand ministers introduce tougher safeguards to ensure the Green Investment Bank continues with its low-carbon mandate following a controversial privatisation. Mary Creagh MP, who chairs the environmental audit committee (EAC), also expressed concern that the bank could in future put more effort into overseas projects than in supporting the domestic sector for which it was set up. The government has said it will retain a special share in the lending...

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