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Written question asked by Baroness Kramer (Liberal Democrat), in the House of Lords. It was answered by Baroness Wilcox (Conservative) on Wednesday, 30 March 2011.


Banks: Green Investment Bank

Question
To ask Her Majesty’s Government what future role they plan for the Energy Technologies Institute and the Carbon Trust; and how they will be affected by the formation of the Green Investment Bank.
Answer

The Carbon Trust is a private company, so its role is a matter for its board. However, DECC expects to grant fund the Carbon Trust in 2011-12 to deliver energy efficiency services and innovation programmes in support of priority technologies. The ETI is a public/private partnership run jointly by global industries and the UK Government. BIS is legally contracted to match the private sector partners' contributions to ETI until December 2017. The GIB will look to tackle financing of large-scale investments. In due course the GIB may want to explore opportunities to partner with the Carbon Trust and/or ETI.


Secondary information

Type
Written question
Reference
7922; 726 c266WA
Session
2010-12
Subjects
Carbon Trust Green Investment Bank Energy Technologies Institute
Link
View this Written question on www.publications.parliament.uk