Green Investment Bank

The Green Investment Bank Commission has just issued its report on how the UK should organise itself to be able to raise the finance to take the country down the road to a low carbon future.

Green Investment

The amount that needs to be raised is staggering. £550 billion over the next 10 years – that is £55 billion a year.

To put this in a national context this is 4% of GDP (£1.4 trillion 2007, source ONS Blue Book 2009) – significant but not overwhelming.

So you could say – how can we possibly afford this in the midst of our financial crisis? This would be the glass half empty perspective.

Or you could say – How can we make sure that the UK gets more than its fair share of this fantastic green economic opportunity? This would be the glass half full perspective.

I definitely see this as an exciting development on both the economic and environmental fronts. From the economic perspective this expenditure is clearly a large and attractive market opportunity. From an environmental perspective it is an essential if the UK is going to succeed in meeting its 2050 carbon emissions targets.

Finally it should be noted that this is not just a UK phenomenon – governments across the world have embraced the Smart challenge.

Published by: Enstra Consulting

⇐ Back to Viewpoints

The Internet of Energy

Read the recent article by Ian Campbell of Enstra on the coming of age of the Internet of Energy based on his insights from being chair of the Smarter Homes and Buildings group at the EUA.  You can read the article by clicking here.

Latest Views

Energy forecasting in the new normal

As the energy industry emerges from COVID-19 lock-down it needs to mitigate balancing and bad debt...

read more →

Automated Energy Forecasting

Automated Energy Forecasting enables finely tuned models to be built in seconds for pennies...

read more →