The GIB said new freedoms to tap the private sector will allow it to maintain and enhance its role, but the UK government also faced calls to ensure that plans for part-privatisation do not undermine the bank's original remit.
The GIB was set up in 2012 with an initial £3bn ($4.7bn) warchest and a remit to help attract private capital into three priority low-carbon sectors – offshore wind, waste-to-energy and non-domestic energy efficiency.
Since
