Robin Cohen, Deloitte Partner commenting on the launch of the new green investment bank in today's Budget:
"We welcome the launch of the government's new green investment bank. This shows that the government recognises the need to take on early-stage risk in low carbon projects to help lead and accelerate private sector investment. In particular, we would expect the bank to make its investments in areas exhibiting market failure – such as potential blockages in the supply chains supporting low carbon infrastructure. This will bring both jobs to the UK and speed up the deployment of decarbonising infrastructure."
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