Jonny Fry

Jul 16, 2020

2 min read

New Green Bank for UK

@ min video about UK proposed new Green Bank which could help create £100 billion for the renewables sector and 300,000 jobs — https://youtu.be/oXgvgRoBl7w

The UK set up a Green bank in 2012 only to then sell it 5 years later to Macquarie bank from Australia and barely made a profit.
It did however help the renewable sector in the UK as the London School of Economics claims that for every £1 the Green Bank invested £3 was invested by the private sector.
Research carried out in Germany found it now takes 2.5 years in Northern Europe and 1.5 years in Southern Europe for investors to recoup the…