1 / 7

Local Authorities and Low Carbon Financing: Enabling a Sustainable Economy

Explore how local authorities can finance low carbon initiatives, leverage de-risking strategies, and collaborate with private sectors for a greener future. Gain insights into funding challenges, revenue possibilities, and effective delivery models.

leo-gentry
Download Presentation

Local Authorities and Low Carbon Financing: Enabling a Sustainable Economy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Local authorities and the low carbon financing challenge Base London 11th July 2013

  2. Local authority and the low carbon economy

  3. Leeds City Region; mini-Stern • Study carried out in 2012 to assess viability of delivering low carbon programme to Leeds City Region • Investment required to deliver 13% carbon savings by 2022 over 1990 • Positive NPV with cost of capital at 8% Total £4.9b Sector £b Source; Centre for Low Carbon Futures

  4. Local authorities enabling of low carbon finance De-risking Aspiration leadership • Own estate contracts • Social housing • Brand • Marketing support • Planning • Waste contracts • Power purchasing agreements • Jobs • Fuel Poverty • CO2 reduction targets • Landfill reduction • Energy security Local authorities Convening power Enabling finance • Project initiation • Procurement • Local initiatives (LEPs etc) • Community leadership • Scale • Revenue accounts • Grants – UK and EU • Allowable solutions • Credit enhancements • Prudential borrowing

  5. Funding low carbon activity at a time of budget cuts Emerging position Historical position Cost centre Revenue earner Project fee income Regular income LA funded Access grant funding Energy Savings Energy generated DECC funds Energy company obligations

  6. Investment & Return Pipeline encouragement Local Authority Other public sector Private sector Finance Investment returns Delivery model and private sector partners Fee Delivery model Delivery Unit

  7. Financing and delivery model Investment and return Development Directorate Leadership & encouragement GD Fund Green Deal payments BCC Carillion Marketing Assessment Project Planning Installation companies Energy Companies Green Deal Payments

More Related