The Finance and Leasing Association (FLA) has spoken out on the importance of asset finance companies in financing a low carbon economy.
The FLA’s comments come in the wake of the publication of the Green Investment Bank Commission’s plans for “delivering Britain’s low carbon future”.
In a report commissioned by the Conservative party, the Commission states Britain will need a “green bank” to meet its goals to cut carbon emissions and reduce fossil fuel usage by 2020.
Julian Rose, head of asset finance at the FLA, said: “Asset finance companies could play an important role in financing a low carbon economy.
“The report published today recognises the importance of risk sharing.
“A modest amount of risk sharing by the government, in return for a fee from asset finance providers, would go a long way to achieving the Commission’s objectives.
“We look forward to discussing the finance options with the Government in more detail.”