City leaders and investors discuss how to unlock net zero cities
On Tuesday, our Co-Chair, Baroness Hayman, chaired a roundtable and reception in parliament to explore how private investment can play a key role in delivering the UK’s ambitious net zero commitments.
The event, jointly hosted by the Net Zero APPG and 3Ci, the Cities Commission for Climate Investment, heard from leading figures across finance, local government and business about their ideas for unlocking the potential of our cities, towns and regions to deliver green growth.
Baroness Hayman was joined at the roundtable by Minister for Energy Efficiency and Green Finance, Lord Callanan alongside national and local leaders and green finance specialists to explore how local action and private investment can drive real change and transform communities to deliver a net zero future.
The reception that followed, featured presentations from the Shadow Secretary of State for Climate Change and Net Zero, Rt Hon Ed Miliband MP, Alex Sobel MP, Chair of the Net Zero APPG and Joanne Anderson, the Mayor of Liverpool to further explore how to support cities’ ambitions to get to net zero by 2050 or sooner, and how empowering local leaders to drive this change must be at the heart of the Government’s strategy to deliver this.
“I was delighted to Chair the joint 3Ci and Net Zero APPG roundtable and reception to hear from leading figures across finance, local government and business about their ideas for unlocking the potential of our cities, towns and regions to deliver green growth. We know that the transition to net zero cannot be delivered from Westminster and Whitehall alone – it will require innovation, collaboration and strong leadership at the local level in order to deliver this new era of opportunity for our communities”.
Baroness Hayman, Co-Chair, Peers for the Planet
“The discussion confirmed three important points for me. Firstly, the UK has the combination of innovation and strong place leadership needed to deliver Net Zero, but is currently unable to meet the cost of doing so. Secondly, major private investors want to enter this space, but struggle to find an investment pipeline that meets their needs. And thirdly, that local authorities do have project pipelines, but often lack the capacity to bring them up to investment grade”.
Prof Greg Clark CBE, Chair at 3Ci