London Councils say capital faces £98bn bill to meet net zero goal

The London Councils umbrella group has calculated that the capital faces a £98bn bill to upgrade homes if it is to hit green targets by 2030. All 33 boroughs have agreed a joint plan to cut emissions produced by the almost 4m domestic buildings across the capital by the end of the decade. London Councils is calling on the Government to announce the delivery of the £3.8bn social housing decarbonisation fund and £2.5bn home upgrade grant in the upcoming spending review. Boroughs also want new financial incentives to encourage private retrofitting, such as green mortgages offering lower rates and a variable stamp duty land tax for more energy-efficient homes. 

Evening Standard (15/10/2021)