paul turner deputy chair, london sustainable development commission (lsdc) & sustainable...
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Paul Turner
Deputy Chair, London Sustainable Development Commission (LSDC)
&Sustainable Business Director for the
Lloyds Banking Group
City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org
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London’s challenges – and opportunities
• Over 8.4m people, set to grow to 10m by 2040s
• 3.9 million households
• 432,000 businesses
• GVA 22.2% of UK - grew by 4.0% in 2013
• Size of the economy £338.4 billion
• 5.6m jobs up 1.5% since last quarter
• In context of some international uncertainty London likely to outperform UK growth in 2014 and 2015
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London = innovation
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FINANCE
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RESEARCH & DEVELOPMENT
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SKILLS
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LSDC – Priorities
Green Business & Clean-Tech
Circular Economy
Decentralised Energy
THE GRE E N EC ON OMY
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London, an international green innovation hub
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VISION
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LSDC – Priorities
Green Business/Clean-Tech
Circular Economy Decentralised Energy
London Infrastructure Plan 2050:vision for London’s resources
By 2050 … very little waste will require disposal, the estimated economic benefits of accelerating London’s move to a circular economy include:• reduced costs of up to £5billion from 2016
to 2050• a new economic sector bringing new
employment• opportunities and sparking innovation• the increased ability of industry to hedge
its exposure to• global commodity price volatility and
supply disruption by reusing waste materials
• reduced toxic waste• reduced wider impacts, for example on
transport
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Next steps
Route Map Procurement Infrastructure Best Practice
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LSDC – Priorities
Green Business/Clean-Tech Circular Economy
Decentralised Energy
City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org
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Powering London
City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org
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Decentralised Energy – solar
City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org
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Decentralised Energy - finance
Support for a vehicle to operate between energy producers, suppliers and
consumers in order to coordinate and bring forward finance for those elements
of low risk schemes that fail to achieve commercial rates of return during their
early build-out stages
City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org
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Thank you