Tag Archives: green investment bank

Robin Teverson writes … Keeping the green in the Green Investment Bank

Everybody knows that when you want to win an argument, you need to ‘walk the talk’.  Doing the opposite to what you preach tends to fatally undermine your case.

When that argument is persuading the rest of the world, in Paris, to tackle the root causes of climate change, your actions back home act as a global shop window.

But saying one thing, and doing another, is exactly the course this Tory government has taken over green issues. And they do it with no apparent embarrassment, or even understanding of the problem.

So we have the Foreign Secretary in the United Nations, and Cameron at the opening of COP21 in Paris making speeches that even Lib Dems would applaud.  But what’s the track record back here in Britain where they drive the nitty-gritty of climate policy?

Take the Green Investment Bank.  Set up by Vince Cable in 2012, a Lib Dem manifesto commitment in 2010, over its short existence it has successfully invested £2.3 billion into the UK’s green economy bringing in a further £7 billion in from the private sector.  Not just that, its operations are already profitable.  As a result the UK has more renewables, more combined heat and power plants, more energy efficient road lighting, more heat pumps.  It has been a great Coalition success, down to Lib Dems in government.

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Carmichael talks green investment, energy and renewables

AlistairCarmichaelYesterday, Alistair Carmichael spoke at a Green investment conference in Edinburgh, which is, of course, home to the Green Investment Bank.

It was a strong pitch to persuade those attending that the Liberal Democrats are delivering in Government on policies that are both green and pro-businesss. Here are some of the highlights.

Being Scotland, there had to be a bit on the constitution, though, and the Smith Commission:

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2013: The Year of Vince

Following Vince Cable’s gentle call for more capital spending – now reflected in the recent budget – Politics Home talks to the Business Secretary. In suitably glowing terms…

In many ways, his allies think 2013 is The Year of Vince. His once lonely call (in the Coalition at least) for more capital spending and reliefs has been heeded. His ‘responsible capitalism’ agenda will bear fruit this year with boardroom and shareholder changes. He’s outmanoeuvred the Treasury by getting a £1bn business bank – in return for a Tory policy on employee share rights that has been gutted by the

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Michael Moore MP: Green investment bank good for Scotland and whole UK

Secretary of State for Scotland Michael Moore has tonight emailed Liberal Democrat members to mark the launch of the Green Investment Bank. Three of the five Liberal Democrat Cabinet ministers were in Edinburgh today for the occasion: Mike, Vince Cable and Ed Davey.

The email said:

Earlier today I joined Vince Cable and Ed Davey in Edinburgh to give the UK Green Investment Bank (GIB) its official launch.

The triumvirate of Ministers underlines that this is a Liberal Democrat-led initiative that will stimulate renewable energy innovation in

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Norman Lamb MP writes… Liberal reform in employment law

On the last day before Parliament’s summer recess, while many MPs were packing their bags for home, I was handling the last of seventeen committee sessions for the Enterprise and Regulatory Reform (ERR) Bill.

Along with important measures establishing the Green Investment Bank and creating a powerful new competition authority, the Bill contains a whole range of provisions designed to improve regulation, increase

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Two weeks, two major achievements for the Liberal Democrats in government

Last week the Green Investment Bank made its first loans, as Nick Clegg mentioned yesterday, and this week the Protection of Freedoms Bill received Royal Assent and became an Act, as Tom Brake wrote about on this site.

The Protection of Freedoms Act includes the banning of rogue private wheel clampers, who are so unpopular that when Lynne Featherstone announced the plans last year it resulted in wall-to-wall positive coverage from the broadcast media, the tabloid press, the broadsheet press and even the pollsters. When the media and 87% of the public love a policy of ours …

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The Independent View: how Liberal Democrats can provide Clegg’s “gear shift” in infrastructure spending

As Nick Clegg has recently noted, there needs to be a ‘gear shift’ in infrastructure spending. Whilst George Osborne dots the i’s and crosses the t’s on his third budget, it is worth considering how such a ‘gear shift’ may be enacted. Localis has undertaken just such an analysis, and this week launched Credit Where Credit’s Due – produced in partnership with Lloyds Banking Group – that illustrates how local government can help deliver a step-change of this type from the bottom-up. Though our report alights on many policy areas, from increasing the powers of LEPs to astute asset management …

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