Mayor (London) announces £4million plans to kick-start eco-innovation fund

The Mayor of London, Boris Johnson, today announced proposals for a multi-million pound ‘London Green Fund’ to boost London’s low carbon economy, create jobs and tackle climate change.

The fund may also be targeted at decentralised energy and new waste technology initiatives – areas that have experienced difficulties in fulfilling their potential and would benefit from the fund’s pump priming function. The fund aims to leverage millions of pounds of private investment to enable the development of carbon-cutting infrastructure at the scale required to meet the Mayor’s 60 per cent carbon reduction target by 2025.

The green fund plans are contained in ‘Leading to a Greener London’, published by the Mayor detailing his environment and climate change priorities for London. The Mayor wants improve Londoners’ quality of life through an ambitious series of environmental improvements, tackling climate change, reducing pollution/improving air quality, consuming fewer resources and using resources more effectively which also exploit the new opportunities coming from developing a low carbon economy.

one of the pledges include:

Making London greener, cleaner and more civilised – 1500 of 10,000 new street trees already planted; 11 parks being revamped with £6million fund; Capital Growth delivering 2012 new food growing plots by 2012; expanding the East London across London; boosting green roofs and green walls; planning protection for existing green spaces; working with the boroughs to tackle litter, chewing gum and graffiti; boosting volunteering

SOURCE: Mayor of London

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