Page last updated at 14:35 GMT, Monday, 31 January 2011

Environmental Audit Committee

Business Secretary Vince Cable gave evidence to MPs on 2 February 2011 as part of an inquiry into the Coalition government's plans to establish a Green Investment Bank.

The bank has been proposed as a way of channeling private sector funding into low carbon businesses.

It is expected to provide around £0.5tn of investment into green technology to help the UK meet its targets for reducing climate emissions.

The Department for Business, Innovation and Skills's 'Structural Reform Plan' expects to develop proposals for the Bank by April 2011.

MPs on the committee are investigating what role the Green Investment Bank will play and the specific areas it should operate in.

In particular the inquiry is focusing on the bank's investment priorities and its funding and governance structures.

Environmental audit committee membership


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