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The Low Carbon Economy Ltd

14 Jan 2011 10:01:13

Edinburgh has "particular claim" as GIB location

Edinburgh has
Edinburgh is a strong candidate for the location of the Green Investment Bank (GIB), energy and climate change secretary Chris Huhne has claimed.

Speaking at a meeting of the Scottish energy, economy and tourism committee, Mr Huhne highlighted the city's "very special advantage" as it has a track record of dealing with energy investments.

"To digress slightly, one of the reasons that Edinburgh has a particular claim as the potential site for the GIB is precisely because of the substantial expertise in Edinburgh on the energy financing side," he is quoted by the Scotsman as saying.

However, he noted those locations bidding for the bank will have much competition from other financial centres, including London.

Mr Huhne said serious consideration about the salary and bonuses offered to GIB staff will have to be taken if it is to attract top banking talent.

The energy and climate change secretary also took time to visit Pelamis Wave Power and Longannet Power Station on his trip to see firsthand how renewable energy technologies are being applied in Scotland.  ADNFCR-1235-ID-800342379-ADNFCR

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