New fund to accelerate London decarbonisation

The Mayor of London has announced a £100 million fund to accelerate London-wide decarbonisation in partnership with Sustainable Development Capital LLP (SDCL).

The London Efficient and Decentralised Generation of Energy (EDGE) Fund will support new low-carbon infrastructure projects across London and enable many more organisations across the capital to make energy efficient choices.

£50 million has been committed from City Hall, with the funding matched by SDCL, who will also manage the Fund.

EDGE will invest in projects that have the capacity to achieve significant reductions in energy usage, greenhouse gas emissions or other pollutants across London.

The Fund will focus on energy efficiency, on-site generation and clean energy solutions, like installing building management systems, heat pumps, solar panels, and electric vehicle charging.

The Mayor of London, Sadiq Khan, said: “I’m committed to making London net zero by 2030 and this is achievable, as long as we work closely together to help deliver energy efficient and low carbon projects.

“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.

"London is a world-leading city and this fund will support hundreds of companies as we build a better, cleaner and greener London for all.”