The Environmental Audit Committee (EAC) has called for a halt in plans to privatise the Green Investment Bank (GIB) and a commitment for government to retain a “green share”.

Before plans go ahead, government must “publish a robust businesses case and impact assessment”. It must also say whether “a full range of options for the Bank’s future, including innovative recapitalisation options, were considered before the announcement of the intention to privatise – and if they were not, it must explain why”, the committee said.