ADBA PRESS RELEASE
Reacting to the Deputy Prime Minister’s Speech on the Green Economy today (23 May), including the announcement that the £3bn fund will be available from the Green investment Bank (GiB) from April 2012, Liberal Democrat Peer and ADBA Chairman Lord Redesdale said:
I am pleased that Nick Clegg has announced that the Green investment Bank will come online next year, and that waste will be one of the areas prioritised.
However, the government must ensure that the Bank gives proper support for local, AD scale technology as well as large power plants – the GiB could help reduce the perception that AD carries high financial risk for investors and reduce the cost of borrowing.
As the government has recognised, AD is the treatment which gets the most from organic waste streams, and the green bank and forthcoming waste review should be coordinated to support it. Failure to do so would endanger the key Coalition Agreement pledge to a ‘huge increase’ in AD.