Why is the UK selling its flagship climate bank?

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Bright Blue Associate Fellow, Ben Caldecott, has commented on the privatisation of the Green Investment Bank (GIB). He argues that the GIB has failed in its remit to reduce the cost of capital and had acted like any other asset manager.

Here's an excerpt:

"If the government doesn’t want a state-owned infrastructure bank, it should privatise the GIB completely and treat it like any other asset manager.”

Read the full article here.