Enigin Update - £100 Million to Improve Energy Efficiency of London's Public Buildings
HUNDREDS of public buildings in London including schools, libraries and hospitals are set to get a green makeover, with low cost loans from a new £100 million fund, the Mayor announced today.
London's public buildings are responsible for 10 per cent of the UK capital's carbon emissions. Retrofitting these buildings with energy reduction measures will not only cut fuel bills and emissions, it is also a valuable investment opportunity estimated to be worth billions to the London economy, which will create jobs and help develop skills.
Flexible finance available from the fund will pay for energy efficiency improvements. Returns on initial investments are made through resulting energy savings.
This is part of Mayor, Boris Johnson’s overall plan to retrofit London's buildings which are responsible for 80 per cent of carbon emissions. Retrofitting is a win-win for Londoners as it delivers value for money through the more efficient use of energy, resulting in, reduced energy costs and a significant contribution to the Mayor's ambitious carbon reduction targets.
Johnson said: “Retrofitting London is a priority as not only will it cut carbon and energy costs, but also inject billions of pounds into the City's economy, and create tens of thousands of jobs."
“This multi-million pound fund will assist in improving the efficiency of the capital's public buildings. It is a great example of the type of innovative thinking that will stimulate green economic growth for the capital while also saving taxpayers’ money on energy bills.”
A total of 42 buildings, including fire stations, police stations and tube stations, have already been given green upgrades, making £1 million worth of savings on energy bills.
The new London Energy Efficiency Fund has been given an initial cash injection of £50 million from the Royal Bank of Scotland. The rest of the money comes from a variety of sources including the EU and City Hall.
Enigin Distributors operating in the UKs capital will be able to offer decision makers for London's public buildings the superb range of energy efficiency solutions from Enigin, particularly the complete EnergyMaps system.
Picture of London City Hall at Night (Christine Matthews) / CC BY-SA 2.0
