GREEN INVESTMENT BANK AND EDINBURGH

That this House notes the barriers obstructing vital investment in the development and deployment of low-carbon technology; further notes the need for Government action to meet carbon emission targets and help the transition to a low-carbon economy; welcomes the findings of the Green Investment Bank Commission's report that proposed the establishment of a fully independent, accountable Green Investment Bank (GIB) to overcome difficulties of low carbon investment, working as part of overall Government policy; applauds the commitment from all sides of the House to the establishment of the GIB; further notes Scotland's enormous potential for low carbon industry, harnessing tidal, wave and wind energy; and believes that any such bank should be based in Edinburgh, a city already renowned for its financial services generally and experience in green investment in particular.