Under Treasury pressure it looks as though the bank will initially be set up as a more limited fund, unable to raise finance by issuing "green bonds" to back projects. That is bad news, as the potential for the bank to help offshore wind, or any expensive renewables projects, will now be far more constrained. Recharge , however, would like to extend the season's greetings to all its readers: May you have a happy Christmas and a prosperous New Year.