Financing the Transition: Harnessing UK Cities Ambition for Clean Energy

Financing the Transition: Harnessing UK Cities Ambition for Clean Energy

Posted on 4th October 2017

A response to UK100’s report from Cllr John Tanner, Oxford City Council

Oxford City Councillor John Tanner recently attended the parliamentary launch of UK100’s report “Financing the Transition: Harnessing UK Cities Ambition for Clean Energy”

The UK100 is a highly ambitious network of local government leaders, which seeks to devise and implement plans for the transition to clean energy that are ambitious, cost effective and take the public and business with them.

The study highlights the work on clean energy of Cornwall, Nottingham, Bristol and others. The UK100 network embraces more than 70 local leaders, including Cllr Bob Price in Oxford, who have made a commitment to shift their communities to 100% clean energy.

Cllr Tanner says:

Clean energy is not only compatible with economic growth, it is actually a key driver of green sustainable development. That is the conclusion of ‘Financing the Transition’, the latest report from Polly Billington and her UK:100 low-carbon cities.

Local councils often don’t have the expertise to get private finance for risky clean-energy projects. But a special pot of private money, backed by Government, could help both local councils and investors to build a low-carbon future.

City leaders could seize the combined opportunities of the plummeting costs of renewables and the devolution agenda to make the shift to clean energy a reality across Britain. The all-party report was launched in the House of Commons on September 13th.

As Oxford City has shown it is still possible for town halls to get finance from Government and through crowd-funding to invest in clean renewable energy. Financing the Transition calls for a partnership to access private funding too for local councils.

Polly Billington says she is looking forward to engaging with Ministers at the Department for Business, Energy & Industrial Strategy (BEIS). The report was commissioned by Cllr Judith Blake, Labour leader of Leeds and Cllr John Holdich, Tory leader of Peterborough.

The study highlights the work on clean energy of Cornwall, Nottingham, Bristol and others.  The UK100 network embraces more than 70 local leaders, including Cllr Bob Price in Oxford, who have made a commitment to shift their communities to 100% clean energy.

Cllr John Tanner, Oxford’s City Council’s Board Member for a Clean & Green Oxford          

The UK 100 report is available here:

 

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