Chancellor George Osborne has said he is to bring forward plans for a Green Investment Bank.
In his Emergency Budget, Osborne said the Government will put forward detailed proposals on the creation of a Green Investment Bank to help the UK meet the low-carbon investment challenge.
The Government is considering a wide range of options for the scope and structure of the Green Investment Bank and evaluate them for effectiveness, fiscal affordability and transparency.
The Bank was first announced in March's Budget by former Chancellor Alistair Darling.
Other environmental measures in the Budget include reforming the energy market and action to attract additional private sector funding. The Treasury says the transition to a low carbon economy will require £200bn of investment by 2020.
Alongside wider market reforms, the Government will assess how the energy tax framework can provide the right incentives for investment.
In the autumn, the Government will publish proposals to reform the climate change levy in order to provide more certainty and support to the carbon price.
Subject to consultation, the Government intends to bring forward relevant legislation in Finance Bill 2011.
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