| The Green Investment Bank, which many had been | | | | coming in two parts. One billion of the money would |
| waiting, for has finally come out of the think tank's | | | | be acquired by selling the assets like the rail link of |
| papers and would soon become a reality. The bank, | | | | Channel Tunnel while the other half of the money |
| which is expected to have more than 2 billion worth | | | | would come through the private investment links. |
| of assets, was grandly announced by the Chancellor | | | | Some of the expected and anticipated uses of the |
| who also added that bank would be the un-locker for | | | | money include the development of ports which would |
| billions worth of green energy potential. There are a | | | | be transporting turbines for the offshore wind. The |
| lot of hopes riding on this latest initiative by the | | | | boost to the growth of wind power energy in and |
| government as the environmentalists and the | | | | around the Humber Estuary is going to cost the bank |
| activists feel that there is a lot that can be done with | | | | around 60 million. |
| the billions that the bank has to distribute. | | | | The bank has also elicited response from the big |
| There is though, a section of the critics who have | | | | environmental group, Greenpeace who have been |
| cited the amount as being way too less to make any | | | | quoted as saying that the bank would need this kind |
| substantial impact on the harm that has already being | | | | of monetary investment every year if they are to |
| done and is continually occurring every year through | | | | make any dent in the dying energy infrastructure of |
| the use of carbon rich technologies. Another set of | | | | the country. The different initiatives and the |
| apprehension that is running high amongst the | | | | developments are also expected to be huge job |
| activists is that the bank may fund the outdated | | | | creators through the country. And conserving the |
| nuclear energy technology which many feel may be a | | | | complete supply chain, the number of jobs that may |
| wrong move. This is because of the belief that this | | | | be created could virtually run off into thousands. |
| source of energy has been given too much time to | | | | There is no doubt that the Green Investment Bank |
| develop but it has not really lived to the promise it | | | | promises a lot and there is a lot that is being |
| initially created. | | | | expected from it. What remains to be seen is how |
| The 2 billion worth of the investment would be | | | | well the bank takes care of its expectations. |