The Guardian is reporting that the proposed green bank for the UK is to be scaled back, starting life as a mere "fund". This means that it will be unable to raise capital on the markets.
In an interview with the Guardian, Huhne said the government remained committed to setting up a bank and an initial fund was only one option. But the prospect of a delay on implementing this key green policy will dismay environmentalists.
Who knows, maybe reality is slowly dawning.
(H/T Munroad)