Green Deal Financing

The Green Deal finance system brought into open speculation

It seems a week goes by and there are new speculations on how and why the Green Deal might fail and one big corner stone that keeps getting chipped away at is the financing of the Green Deal.

The initial plan was to allow private financial companies to supply most of the funding for the Green Deal. This is beginning to be called into question by those very institutions that were meant to be investing into the scheme.

It appears that the banks and investment firms want to see some ‘skin in the game’ from the Government first, they want to see some investment from central Government into the Green Investment Bank from the outset. A figure of 300 million has be aired.

Will Harrison-Cripps, associate director at PriceWaterhouseCoopers (PwC) who is organizing the system between the banks and Government is concerned that no one is willing to put there money in until they see lots of money from the Government first.

It will be interesting to see who moves first to quash the speculation…

Do you have an opinion? Lets hear it! Comments below.

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