IN DEPTH: UK's new green bank will be walking a tightrope

Given the delicate path that the UK’s Green Investment Bank (GIB) will be forced to tread, whoever is in charge of headhunting would do well to focus on candidates with a background in tightrope walking.

The bank is being asked to invest in emerging, inherently risky clean-energy technologies, while simultaneously making a satisfactory return on the initial £3bn ($4.8bn) the government has seeded it with.

But the Edinburgh-based bank cannot afford to be too circumspect in choosing its investments. The initial funds are intended to cover only the next three years — and not getting the money out of the door quickly enough would be seen in almost as damning a light as investing it injudiciously.

Robert Smith — Lord Smith of Kelvin — who was named chairman Log in to read complete article.

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