To create an energy revolution, the Mayor has detailed a package of initiatives developed in partnership with the London Development Agency, London First and London Councils. These are designed to attract investors whilst helping developers and borough councils to develop more local energy schemes, which can be complex to get off the starting blocks.
The Mayor kick-started this call to arms by announcing nineteen boroughs set to be the first to benefit from bespoke London Development Agency and London Councils support to help take forward these greener, local energy schemes.
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The Mayor has a target to supply 25% of London's heat and electricity from local sources by 2025. This would cut London's carbon emissions by 3.5 million tonnes a year. The London Development Agency has allocated up to £16 million for decentralised energy projects over the next four years (from 2009/10) and is working on 14 projects currently across the capital.
Mr Johnson, said: "I want to position London as the world's leading low carbon economy. There are massive opportunities flowing from the shift away from our fossil fuelled lifestyles including new 'green collar' jobs and financial savings from becoming less wasteful.
"We are working hand in hand with the business community and London's boroughs to create the ripe conditions to revolutionise the way we power our city. This is a fertile alliance between private and public organisations which will reap significant dividends for Londoners."
(CD/GK)
