Green Investment Bank to avoid risky marine power, says chairman

BusinessGreen staff
clock

Lord Smith of Kelvin says offshore wind power and energy efficiency will be among priority areas for £3bn GIB

The government has dealt a blow to the emerging wave and tidal sector after confirming the Green Investment Bank (GIB) will play it safe, focusing investment in more established areas such as offshore...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Report calls for continent-wide push to accelerate grid development, curb power costs, and ramp up electrification efforts

James Murray
clock 05 May 2026 • 5 min read
'Ridiculous loophole': European Commission proposes exempting leather industry from flagship deforestation rules

'Ridiculous loophole': European Commission proposes exempting leather industry from flagship deforestation rules

Commission reveals proposals to slash the cost of EUDR compliance by 75 per cent, but campaigners slam latest weakening of key forest protection rules

Stuart Stone
clock 05 May 2026 • 6 min read
Iran War: Report calls for summer of electrification to help tackle fossil fuel shock

Iran War: Report calls for summer of electrification to help tackle fossil fuel shock

As a new analysis suggests 'back-to-back' energy crises have cost households £4,800 since 2021, Nesta urges government to fast-track policies that can curb electricity prices

James Murray
clock 27 April 2026 • 6 min read