Government seeks to assuage fears over Green bank privatisation

Special share will give ministers ability to protect environmental remit without compromising EU rules

Sajid Javid at Downing Street
Sajid Javid at Downing Street this morning
(Image credit: Rob Stothard/Getty Images)

Environmental campaigners have expressed concern that the privatisation of the government's Green Investment Bank will reduce funding for projects essential to address climate change risks.

Business Secretary Sajid Javid kicked off the privatisation of the taxpayer-backed lender, the first of its kind in the world, yesterday in a move The Guardian says is hoped will bring in as much as £4bn for the Treasury, perhaps by the end of this year.

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