UKYCC has today criticised the UK Government’s decision to push through the sale of the Green Investment Bank (GIB).

UKYCC has previously stressed the importance of the GIB in helping to support new green jobs for young people and developing a clean, renewable energy system in the UK. We wrote to the UK Government earlier this year urging them to halt the sale of the GIB and ensure that the bank retains its focus on financing low carbon initiatives.

Jamie Wylie, Policy Campaigner with UKYCC, said:

“The UK Government’s decision to rush through the sale of the GIB before the General Election in June is incredibly disappointing. The Green Investment Bank has been vital in supporting local carbon initiatives and helping to decarbonise the UK’s energy system, but the Bank’s impressive environmental credentials now look to be in serious danger. The UK’s transition to a low carbon economy could be under real threat.

“After reports of the UK scaling back on climate change commitments after leaving the EU, today’s news adds further concern that the UK Government is becoming apathetic to acting on climate change.

“Young people in the UK need the skills and opportunities to pursue green jobs, and the GIB is crucial for providing support for jobs in this sector. In the run up to the election, we need to hear what all parties are going to do to support low carbon industry and green jobs for young people.”