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Clegg seizes reins of green bank project

February 25, 2011 8:48 PM

clegg• [Feb 20] Jim Pickard and Elizabeth Rigby write: NICK Clegg is now the main driving force of the government's "green investment bank" amid a Whitehall struggle over how precisely the new entity will function. He brings an increasingly close interest to bear on the project, chairing cross-departmental meetings on a scheme that is intended to provide billions of pounds of funding for low-carbon energy initiatives such as wind farms and nuclear power stations

. . "We are at a point where there is a consensus among senior politicians to get it done and they just have to find a way through," said Tom Burke, a director of E3G, the independent group which first suggested the bank.

• Clegg seizes reins of green bank project [FT registration required Feb 20]

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