$3 billion dollar green investment bank to help turn Britain green

A $3 billion dollar green investment bank will soon help Britain transform into a clean and lower carbon emitting economy. This bank funded by government funds will also be having a half of private sector funds. This bank will finance green and environment friendly projects like offshore wind power generation and eco-friendly waste management. Modernizing UK’s energy sector will cost around $150 billion. Carbon reduction is a factor the government is making serious efforts towards and is keen to meet its pledges of reducing CO2 emissions by 30%. A 15% renewable energy standard needs to be achieved by 2020 for this.

This is indeed an awesome brainwave by the government that will turn Britain a shade greener in future.
[Treehugger]