Find out how the LSDC is working to identify ways to finance environmental activity at scale and speed in London.
London Climate Finance Facility
Financing London's journey to Net Zero
In his manifesto the Mayor committed to setting up a new green financing facility.
It is estimated that it will require in excess of £75 billion of infrastructure investment by 2030 to achieve London’s net-zero target. This will need to come from a mix of public and private finance, investment and grant funding. Even with greater Government commitment, far higher levels of private investment will be needed to achieve London’s ambitions.
Therefore, in 2023 the Mayor extended his programmes and launched a new London Climate Finance Facility. Its aims are:
- To unlock billions of long-term, flexible, private finance to support the decarbonisation of London's buildings, energy and transport systems, thereby tackling the triple dangers of toxic air pollution, climate change and congestion.
- To accelerate significantly the development and delivery of climate and environmental projects, working with strategic partners.
- To build on London's existing financing capabilities to secure investment for London and strengthen its competitiveness.
Approach and structures for a London Climate Finance Facility
The GLA commissioned the Green Finance Institute (GFI) to advise on the approach and structures for a London Climate Finance Facility (LCFF) and in June 2023 the Mayor published his response and launched the facility.
Funding Net Zero projects: our programmes and actions
The Mayor’s Green Finance Fund will lend up to £500m to projects that help London meet its net zero ambitions.
The Mayor of London’s Accelerator programmes will speed up the pace of cutting carbon emissions from buildings and London.
The Mayor of London's Energy Efficiency Fund (MEEF) is a £500m investment fund to deliver the low carbon projects,
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