BVCA's EETB report states need for green investment bank

Creating a low carbon economy entails vast investment. For instance, to meet the UK's targets for 2020, a minimum of £200bn needs to be invested in power generation and grid technologies, as estimated by the office of the Gas and Electricity Markets (Ofgem).

EETB consists of UK-based fund managers that invest in low carbon, renewable and sustainable technologies, ranging from early-stage venture capital companies to established infrastructure projects deploying proven clean power generation technologies. Collectively, EETB members have more than £10bn in funds under management.

To date, over £700m of this has been invested in UK companies, saving an estimated 4.2 million tonnes of CO2 p.a. while creating thousands of UK jobs.

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