|Lord Smith of Kelvin|
Lord Smith of Kelvin has given a roadmap of how the bank will invest its £3bn. Out are carbon capture (CCS), wave and tidal technologies.
“Wave and tidal technology and carbon capture and storage are quite far away from becoming commercially viable. That is real venture capital stuff. That would be a step too far for us.”In are five priority areas:
- Offshore wind
- Industrial waste recycling
- Energy from waste
- Non-domestic energy efficiency schemes and
- Green Deal projects. (Green Deal is the government’s plan to improve the nation’s draughty homes at no upfront cost to the consumer). In fact the
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