Brussels, 17/10/2012 (Agence Europe) - On 17 October, the European Commission authorised the funding of £3 billion (around €3.7 billion) granted by the United Kingdom for the creation of a Green Investment Bank (GIB) investing in environmentally friendly projects for which a market failure has been identified.
It concluded that this funding is in line with EU state aid rules and foresees several safeguards to avoid the crowding out of private investment and preserves a level playing...