local authorities and the low carbon financing challenge
DESCRIPTION
Local authorities and the low carbon financing challenge. Base London 11 th July 2013. Local authority and the low carbon economy. Leeds City Region; mini-Stern. Study carried out in 2012 to assess viability of delivering low carbon programme to Leeds City Region - PowerPoint PPT PresentationTRANSCRIPT
Local authorities and the low carbon financing challenge
Base London 11th July 2013
Local authority and the low carbon economy
Leeds City Region; mini-Stern
Sector £b
Total £4.9b • Study carried out in 2012 to assess viability of delivering low carbon programme to Leeds City Region
• Investment required to deliver 13% carbon savings by 2022 over 1990
• Positive NPV with cost of capital at 8%
Source; Centre for Low Carbon Futures
Local authorities enabling of low carbon finance
Aspiration leadership De-risking
• Jobs• Fuel Poverty• CO2 reduction
targets• Landfill reduction• Energy security
• Own estate contracts
• Social housing• Brand• Marketing support• Planning• Waste contracts• Power purchasing
agreements
Convening power
• Project initiation• Procurement• Local initiatives (LEPs etc)• Community leadership• Scale
Local authorities
• Revenue accounts• Grants – UK and EU• Allowable solutions• Credit
enhancements• Prudential
borrowing
Enabling finance
Funding low carbon activity at a time of budget cuts
Cost centre Revenue earner
Historical position Emerging position
LA funded Access grant funding
DECC funds Energy company obligations
Regular income
Energy Savings
Energy generated
Project fee income
Delivery model
Delivery Unit
Pipeline encouragementLocal
AuthorityPrivate sector
Finance
Other public sector
Investment & Return
Fee
Investment returns
Delivery model and private sector
partners
Financing and delivery model
Installation companies
Carillion
GD Fund
Green Deal Payments
Green Deal payments
Energy Companies
BCC
Investment and return
MarketingAssessment
Project Planning
Development Directorate
Leadership & encouragement