London mayor launches £100m decarbonisation fund

Mayor of London, Sadiq Khan, has unveiled a £100m fund to be jointly invested and managed by a private sector partner, with a focus on decarbonising the capital.

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The London Efficient and Decentralised Generation of Energy (EDGE) Fund will see £50m from City Hall matched by £50m from Sustainable Development Capital LLP (SDCL), which will also manage the fund.

It will support low-carbon infrastructure projects across London, focusing on energy efficiency, on-site generation and clean energy solutions, like installing building management systems, heat pumps, solar panels, and electric vehicle charging.

“This new fund will help us unlock additional investment from the private sector and enable us to support many more organisations across the city as they make energy efficient choices,” said Khan.

London has been at the forefront of developing funds to tackle carbon emissions and to boost retrofitting, thanks in part to the London Mayor’s Energy Efficiency Fund (MEEF), which is managed by Amber Infrastructure.