The Greater Manchester Combined Authority has created a new £15m loan fund for property developers and infrastructure providers to increase uptake of renewable energy use on development projects. The Greater Manchester Low Carbon Fund was provided by the European Regional Development Fund, through a £15m loan for projects over a 15-year period. Managed by the GVA, the fund will target projects that don’t normally attract commercial finance due to the utilisation of new technologies, with an emphasis on renewable arrays.
Edie 9th March 2018 read more »
Over two years after national leaders committed in Paris to keep a global temperature rise to below 2C, municipal leaders at some of the world’s largest cities are stepping up to the challenge and harnessing the power of renewable energy. It is a development that will be vital in the transition to a low-carbon economy as two-thirds of the world’s population will live in urban areas by 2050, and cities are already responsible for over 70% of the world’s energy related carbon emissions. That is why it is encouraging news that over 100 cities now report getting at least 70% of their electricity from renewable sources such as hydro, geothermal, solar and wind, according to new research released by CDP last month. From Addis Ababa in Ethiopia to Seattle in the US and Auckland in New Zealand, some 184 cities now have solar energy in their electricity mix, while 189 report that they source wind energy.
Edie 7th March 2018 read more »