Pathway to Net Zero Investment

DATE: 21 October, 2021

LOCATION: Hopin virtual platform

START TIME: 2:00 pm END TIME: 3:45 pm

Join us on 21 October for the UK Cities Climate Investment Commission series of events

The Net Zero agenda will require significant up-front investment to transition our existing carbon intensive system, such as how we heat our homes and how we travel, to a lower carbon alternative. The UK Cities Climate Investment Commission (UK CCIC), a partnership between Connected Places Catapult, Core Cities and London Councils, adopts a novel approach to addressing the challenge of financing Net Zero in major cities across the UK. 

Ahead of COP26, the UK CCIC will present its findings on the up-front investment needed to address the Core Cities’ & London Councils’ Net Zero pledges. This event will bring together a broad spectrum of high-level stakeholders with a role in Net Zero from government, international organisations, investors, business, academia, media, and NGOs.  

Through new research delivered by the UKCCIC, we estimate that approximately £200 billion (in a range of £125bn-£416bn) must be invested to achieve Net Zero across London and UK Core Cities. This is well beyond the normal financing capacity of the public sector alone. At the event we will discuss the opportunities and challenges for private finance to play a leading role in accelerating Net Zero infrastructure investment across commercial real-estate, housing, transport, renewable electricity generation, waste management and other green infrastructure. 

Who should attend:  

  • Banks and other Financial Institutions 
  • Investment funds & companies interested in decarbonisation  
  • Local Authorities and City Leaders 
  • Central and Regional Government  
  • Large and small businesses, particularly operating in the real estate utilities, transport and low carbon technologies 
  • International organisations active on climate change and sustainable development 
  • Community organisations and NGOs who are interested in supporting borough action on the green recovery. 

Organisers:  

  • Connected Places Catapult  
  • Core Cities  
  • London Councils  

Speakers

Prof Greg Clark CBE

Chair

UKCCIC

Rufus Grantham

Co-Head of UK & Ireland

BwB

Liz Peace CBE

Associate & Adviser on Property, Politics and the Built Environment

Connected Places Catapult

Bruce Katz

Co-Founder

The New Localism

Keith Bottomley

Vice Chair of Policy

City of London Corporation

Marvin Rees

Mayor

Bristol City Council

Agenda

14:00 – 14:10

Chair’s Welcome: The investment imperative for net zero infrastructure

Although there is widespread acknowledgement of the scale of the challenge associated with  achieving Net Zero across the UK’s cities, far less consideration has been given to how the  necessary infrastructure will be practically financed and implemented. The allocation of  investment finance is a crucial component of this delivery and has been prioritised by UK CCIC  as warranting focussed attention in the run up to COP26, and beyond. In addition, the  collaboration within cities between public bodies, the private sector, and local communities will  be important for successful delivery of Net Zero infrastructure within UK cities, and the  subsequent attraction of investment capital at scale. 

Speaker – Prof Greg Clark CBE, Chair, UKCCIC

14:10 – 14:25

City Investment Analysis Report: Key Findings

This report estimates the opportunities for private finance to support the transition to  Net Zero across the 11 UK Core Cities and London, which together represent approximately  one quarter of the UK population. The report seeks to:   

  • Quantify the magnitude of investment needed to take the UK’s Core Cities and London to Net Zero;  
  • Assess the opportunities and limitations for private finance to play a leading role in financing Net Zero infrastructure across commercial real-estate, domestic housing, transport, renewable electricity generation, transportation, waste  management and green infrastructure; 
  • Set out specific projects within cities which would benefit from private sector financial support; and 
  • Provide recommendations for how flows of private finance into city-based Net Zero infrastructure could be enhanced 

Speaker

Rufus Grantham, Co-Head of UK & Ireland, BwB

14:25 – 15:00

Panel Discussion: The unified roadmap to unlock private investment in UK Core Cities and London

  • Liz Peace CBE, Associate, Connected Places Catapult & Adviser on Property, Politics and the Built Environment
  • Bruce Katz, Co-Founder, The New Localism
  • Keith Bottomley, Vice Chair of Policy, City of London Corporation
  • Mayor Marvin Rees, Bristol City Council
  • Moderator: Prof Greg Clark CBE, Chair, UKCCIC
15:00 – 15:15

Investment Keynote: Scaling private finance to deliver net zero

How can Net Zero cities become an investable market for private capital? Whilst Net Zero urban infrastructure presents opportunities for private sector investment, there are a range of  constraints in relation to revenues, institutional arrangements, frameworks and incentives that  will otherwise hold back the scale of private financial flows. Unlocking private finance to deliver  Net Zero will require developing reliable methods to combine investment opportunities so they  are at an investible scale and can optimise efficiency.  

 

15:15 – 15:30

Q&A with Audience

15:30 – 15:35

Chair’s Closing Remarks & Next Steps

Closing remarks from Prof Greg Clark CBE, Chair, UKCCIC and Chair, Connected Places Catapult

15:35 – 15:45

Networking

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