Green bank to focus on nuclear? - 26/05/2011
Government plans to set up a Green Investment Bank could boost the nuclear industry by funding the construction of new power plants to get another supply of cheap energy.
Bloomberg reports that the Department for Business, Innovation and Skills is considering nuclear investments under a "high level appraisal", which would sit alongside funding for green energy projects from wind to marine sources.
Industrial energy efficiency would be the main focus of the bank's spending for its initial period, as well as "high risk" schemes that would not usually attract funding from traditional energy sources, business secretary Vince Cable said.
He added: "A wider range of energy and other activities could become relevant over time."
Earlier this week, the government announced the bank will start operating in April 2012 to help produce cheap energy.
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