London Mayor, Boris Johnson announces £70 million fund to boost London’s low carbon economy

According to the site, the Mayor addressed senior financiers at the London Stock Exchange on 21st March, highlighting the capital’s strengths as a low carbon financial centre.

“The multi-million pound fund will finance the development of low carbon waste and recycling infrastructure, help create ‘green collar’ jobs and stimulate a low carbon economic growth. ”

Mr Johnson said: “A century ago London was cashing in on carbon, but I am determined we now harness the wealth of investment opportunities coming from the shift away from the use of increasingly costly fossil fuels.

An Ernst and Young report commissioned by the Mayor estimated that if London can secure 1% of the forecast global spend on low carbon goods and services, it could deliver nearly £4 billion to the economy through to 2025.

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Gemma, Account Manager, dbda


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