A policy statement from the IET’s Manufacturing Policy Panel
Green process innovation is a fundamental part of transitioning toward a low carbon economy. The Green Investment Bank (GIB) should be free to invest in efficiency-oriented green process innovation and not be limited to just low carbon infrastructure and goods. Small and medium enterprises (SMEs) should have priority access to the GIB to spur green growth and technology. Success for the GIB must not come at a cost to other low carbon initiatives.