Kevin Brennan – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Kevin Brennan on 2016-01-27.

To ask the Secretary of State for Business, Innovation and Skills, what recent assessment he has made of differences in the ability of the Green Investment Bank to promote the (a) reduction of greenhouse gas emissions, (b) advance of efficiency in the use of natural resources, (c) protection or enhancement of the natural environment, (d) protection of enhancement of biodiversity and (e) promotion of environmental sustainability as a (i) public and (ii) private sector organisation.

Anna Soubry

The Green Investment Bank (GIB) contributes to UK green policy objectives by mobilising much needed private capital into green sectors, demonstrating that green investment can be profitable.

GIB will continue to perform that role in private ownership – increasing investment and making profits from green sectors that are relatively mature but nevertheless suffer from a lack of investment.

In private hands, GIB will have access to much more capital than if it remained in Government hands and will be able to have a bigger impact.