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.
On the Sustainable Finance Day at COP26, the UK CCIC presents its findings on the up-front investment needed to address the Core Cities’ & London boroughs’ Net Zero pledges.
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 beyond the financing capacity of the public sector alone.
This event will bring together the investment sector with cities to discuss the opportunities and limitations 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
United Kingdom Treasury
UK Cities Climate Investment Commission
Chair of Policy & Resources
City of London Corporation
Environment & Energy, London
Bristol City Council
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.
Prof Greg Clark CBE, Chair, UK Cities Climate Investment Commission
Mathias Cormann, Secretary General, OECD
Helen Whately MP, Exchequer Secretary to United Kingdom Treasury
Catherine McGuiness, Chair of Policy & Resources, City of London Corporation
Georgia Gould, Chair, London Councils
Shirley Rodrigues, Deputy Mayor Environment & Energy, London
Marvin Rees, Mayor, Bristol City Council
Moderator: Prof Greg Clark CBE, Chair, UK Cities Climate Investment Commission and Connected Places Catapult