18 August 2017 – The Green Investment Bank (GIB), created by the UK in 2012 to bridge the gap between the current level of investment and the amount of investment needed to transition to a low-carbon economy, has been sold to a consortium led by Macquarie Group limited. While government has suggested that selling the bank – and reducing the government deficit by taking it off the public balance sheet – will remove budget considerations that have constrained its growth, the sale has been met with concerns stemming from whether the mission of GIB will be safeguarded after its privatisation. Read the full article on the LSE Grantham Research Institute website.
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