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UK To Launch $3 Billion Green Investment Bank


UK to launch $3 billion green investment bank
By Matt Falloon | Reuters

The Labour government will unveil a 2 billion pound ($3 billion) "green" investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday.

Finance minister Alistair Darling has said there will be no pre-election giveaways in the budget, with polling day expected on May 6, but he wants more investment to encourage future sources of economic growth after an 18-month recession.

The green bank, designed to help finance projects such as railways, offshore wind power generation and eco-friendly waste management, will be half-funded from government asset sales with the remaining one billion pounds coming from the private sector.

"The high risk profile of these investments, which are in new and unproven technologies means an initial government investment is needed to draw in investors," the source said.

"By providing an initial investment of government capital it will reduce the risk profile for investors and increase the incentive for the private sector to enter the market at the scale and pace needed." Read more.

Speaking Events

2016

 

March 24, Boone, NC.

 

March 25, Asheville, NC
Battery Park Apartments, 1 Battle Square, rooftop room, noon - 2 p.m.
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War Is A Lie: Second Edition
Published April 5, 2016
Tour begins here:

April 11, Washington, DC, 6:30-8:00 p.m. at Busboys and Poets at 5th and K Streets.
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April 12, Baltimore, MD, 7:30 p.m. at Red Emma's.
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April 14, Bellingham, WA, 7:00-9:00 p.m. at Bellingham Unitarian Fellowship.
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April 15, Seattle, WA
Town Hall Seattle
1119 Eighth Ave (8th and Seneca) 
Seattle, WA 98101
7:30pm
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April 16 Portland, OR

 

April 24, Oneonta, NY at Unitarian Universalist Society of Oneonta.
5:30 discussion with students.
7:00 talk and Q&A with everyone.
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May 28, San Francisco, CA
11 a.m. to 1 p.m., David Swanson interviewed by Daniel Ellsberg, at San Francisco Main Public Library, 100 Larkin Street.
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May 28, Marin County, CA
4 to 6 p.m., David Swanson in conversation with Norman Solomon, at Book Passage, 51 Tamal Vista Blvd., Corte Madera, CA
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May 29, Oakland, CA
3 to 4 p.m., David Swanson interviewed by Cindy Sheehan, at Diesel: A Bookstore, 5433 College Avenue at Kales (near Manila), Oakland, CA
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May 29, Berkeley, CA
7:30 to 9 p.m., David Swanson and Cindy Sheehan at Berkeley Fellowship of Unitarian Universalists, sponsored by the Social Justice Committee and Cynthia Papermaster, 1606 Bonita Ave. (at Cedar), Berkeley, CA
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May 30, Fresno, CA
2 to 4 p.m., David Swanson and Cindy Sheehan at a Peace Fresno event

 


June 11 St. Paul, MN, 6 p.m. at Macalester Plymouth Church Social Hall 1658 Lincoln, St. Paul, MN.
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June 12 Minneapolis, MN, 9 and 11 a.m. at St. Joan's 4533 3rd Ave So, Minneapolis, MN, plus peace pole dedication at 2 p.m.
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