The mayor of London is pressing ahead with plans to create a fully fledged energy company that will target poorer customers. Sadiq Khan said that the not-for-profit supplier, to be called Energy for Londoners, would be based on similar schemes in Bristol, Nottingham and Scotland. He said that the scheme would reduce bills for the 326,000 London households who cannot afford to properly heat their homes, while also delivering environmental benefits. The formation of an energy company was proposed in February, before Mr Khan’s election. Supporters of council or local authority-owned energy suppliers say that there is growing evidence that they can shake up a market dominated by the six big suppliers, which are under investigation by the Competition and Markets Authority. Mr Khan had said that the company would consider using Transport for London’s land and buildings for photovoltaic solar panels. It will also consider issuing green bonds to fund green projects and will look at schemes that harness waste heat, such as one in Islington, in inner London, that extracts heat from the Northern Line. Michael Jacobs, associate director of the Institute for Public Policy Research, said: “In London there are quite a lot of people who would like to produce green energy. Over the last year they have been hit by changes to the feed-in tariffs. One of the things a municipal company might be able to do is guarantee a good price for community-based renewable energy.” Mr Jacobs suggested that the Greater London Authority could finance work to make homes and buildings more energy efficient in a scheme that would be like the Green New Deal but with lower interest rates.
Times 23rd June 2016 read more »
Cities are huge carbon emitters but are ideally placed to tackle climate change. Michael Bloomberg addresses how the Global Covenant can give them the tools to do so. When it comes to confronting climate change, the world’s cities are proving that there’s strength in unity. The historic climate agreement reached in Paris in December, which was approved by nearly all of the world’s nations, was made possible in part by the progress that cities have made by working together. Today, the two biggest coalitions of cities in the world – the EU-based Covenant of Mayors and the UN-backed Compact of Mayors – are forming an alliance to link more than 600 million city dwellers in the fight against climate change.
Edie 23rd June 2016 read more »
Thousands of cities from six continents united Wednesday to create the largest global coalition committed to battling human-caused climate change and pushing the world into a low-carbon economy. The Global Covenant of Mayors for Climate and Energy unifies 7,100 cities encompassing more than half a billion people, the group said in a statement. Created some six months after the Paris accord, this global alliance aims for greater collaboration between cities and increased funding to support sustainable energy development.
Climate Progress 23rd June 2016 read more »