The Future Of The Green Investment Bank
HC 536, Second Report of Session 2015-16 - Report, Together with Formal Minutes relating to the Report
- House of Commons - Environmental Audit Committee
- TSO (The Stationery Office)
'The Future Of The Green Investment Bank (HC 536)' examines the Government's plans to move the Green Investment Bank (GIB) into the private sector.
The Committee focusses on three areas:
(i) The process surrounding the decision;
(ii) The actions required to ensure GIB's unique position in the green economy; and
(iii) The Government's future involvement in the Bank.
There are potential benefits resulting from an injection of capital, but the Government has taken the decision to privatise GIB without due transparency, publication of relevant evidence, consultation, or proper consideration of alternatives. The absence of these steps is likely to lead to the suspicion that the move and its timing are not evidence-based policy.
Before proceeding with the sale, the Government must publish a business case and all impact assessments related to the sale. The Government should provide an evaluation of whether a phased approach involving alternative recapitalisation options would be possible. This could allow for greater consultation, transparency and market testing on the form of any eventual privatisation.
|Format||Paperback||Published||19 Dec 2015|
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