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The Low Carbon Economy Ltd

03 Aug 2009 12:08:01

Boris Johnson launches low-carbon London plan

Boris Johnson launches low-carbon London plan
The mayor of London has announced a multi-million pound plan to boost the city's low-carbon economy.

Boris Johnson's 'London Green Fund' will help tackle climate change by developing a financing framework to support commercial energy-saving initiatives.

It will also target decentralised energy and initiatives for more efficient waste and recycling management - areas which city officials have targets as struggling to fulfil their potential.

The fund also aims to leverage private investment with the aim of developing the carbon infrastructure required to meet the mayor's target for a 60 percent reduction in carbon emissions by 2025.

Mr Johnson pledged to provide £4 million of funding initially, with the intention of attracting further funding from other organisations.

He said: "To tackle energy inefficiency and cut carbon, we need to make London's building and energy supply greener.

"We want to provide an easy way to tackle the maze of complex red tape that currently acts as a deterrent as well as provide the up front funds needed to take action."

The pledge also includes plans to announce ten Low Carbon Zones across London in September and a domestic energy-efficiency drive.



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