Your article stating that plans for a £6 million revolving fund for investment in renewables and energy efficiency were aborted earlier this year by the London Climate Change Agency (LCCA) (AJ 25.05.06) is misleading.
It is simply not true to say the fund has been dropped.
In reality, a decision was taken for each of the Greater London Authority functional bodies to set up their own individual funds as a more effective way to encourage energy efficiency. Savings from their projects will be directed back into these funds. To date, the Metropolitan Police has set aside £370,000 and the London Fire and Emergency Planning Authority (LFEPA) £3 million.
The LFEPA expects to reduce greenhouse gas emissions by 23 per cent from their 1990 levels by 2010. The LCCA is completing discussions with Transport for London over its allocation. The London Development Agency has £1.7 million in its budget for capital projects that aim to increase energy efficiency.
In addition, the LCCA recently announced a partnership with EDF Energy, which includes an initial £25 million of investment in decentralised and renewable energy across the London area.
Rather than diverting resources away from sustainability measures, the Mayor has made clear that he expects the 2012 Olympics and its legacy to be a beacon for environmentally responsible development.
Allan Jones, chief executive, London Climate Change Agency