Proposal for new Low Carbon Capital Workstreams

October 2011: A series of papers presented to the GLA Investment and Performance Board to seek approval for the Stage 2 Investment Decision to deliver three new Low Carbon Capital Programme work streams at a total cost of £360,000.

The paper – Low Carbon Capital Stage 2 –  sets out that:

“The Low Carbon Capital Programme seeks to build on the previous Low Carbon Capital work carried out by Ernst and Young for LDA [see previous posts here and here for further information] by carrying out three enabling projects that would lead to reductions in London’s CO2 emissions through energy efficiency and decentralised energy measures with an investment potential of up to £9.1bn:

i. Heat Map+: Creating green investment opportunities, job and skills. This work stream will generate a pipeline of decentralised energy (DE) and public sector retrofitting investment opportunities (RE:FIT) through the further development of the existing GLA Heat Map.

ii. Smart City – Intelligent Energy Integration: Public sector driving low carbon solutions and demonstrators. 70% of the world’s population will be living in cities by 2050 with growing pressure on resources. Cities haveto become increasingly efficient and self-sufficient in energy. This project will specify how London’s energy infrastructure and consumers can intelligently adapt to changing demands to deliver environmental benefits and lower energy costs.

iii. Green Deal – London implementation: Making London’s size count by developing delivery models for use in London. London has over 3.2 million homes, a large-scale market opportunity, and Green Deal and the Energy Company Obligation represent the main mechanisms for retrofitting its existing housing stock. This project will identify the most appropriate role for the public sector to play and then develop and test delivery models that will maximise retrofitting activity in London whilst creating economic opportunities for London’s businesses throughout the supply chain.”

Also available to download are the Heat Map appraisal application, the outline of financials for the project and a cost benefit of Heat Map+.

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