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Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Tuesday, 24 May 2011. It occurred during Ministerial statement on Green Investment Bank.


Green Investment Bank

It will indeed do that. As I indicated in my statement, there is what we call a double bottom line. The projects must be commercially attractive, and we have to decide what the rate of return would be. They must be economically viable. They must also, at the same time, make an environmental contribution. Getting that trade-off will not be easy, and it will be one of the important early tasks of the bank. I will undertake to add York to the list of cities looking for such an opportunity.


Secondary information

Type
Proceeding contribution
Reference
528 c796 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Climate change Borrowing Finance Investment Financial institutions Powers Loans Renewable energy European Commission Carbon emissions Green Investment Bank
Link
View this Proceeding contribution on www.publications.parliament.uk