Question

To ask the Secretary of State for Energy and Climate Change, what progress he has made on the pilot for the Green Investment Bank to manage funds on behalf of the International Climate Fund; and if he will set a date to launch the pilot.

The Government is exploring the potential for the UK Green Investment Bank (GIB) to assist in investing some of the UK’s international climate fund (ICF). DECC is currently working with the Green Investment Bank and colleagues in BIS, DFID and the Shareholder Executive to assess the feasibility of the GIB developing and managing some ICF projects.