$3 Billion Green Investment Bank March 28, 2010 : 4:35 PM

There was some exciting news from the U.K.: [Link]

“The Labour government will unveil a 2 billion pound ($3 billion) "green" investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday.”

The bank will fund projects such as offshore wind power generation and “eco-friendly waste management.” Other nations have recognized the need to invest in green technology. President Obama has taken some great first steps, but now it's time for the Senate to pass green jobs and climate legislation.