Glasgow City Council
Summary
Plans to create a specialist green investment team that can help unlock a £40billion fund needed for Glasgow's Net Zero ambitions have been endorsed by a council committee.
The specialist team will be tasked with developing the council's relationship with the private sector so investment can be attracted to the city for crucial climate initiatives such as local heating networks, energy efficiency in buildings, renewable energy projects, electric vehicle charging infrastructure, and other schemes that can accelerate decarbonisation of the city.
The scale of opportunity for investors is also enormous. Our Local Heating and Energy Efficiency Strategy, for example, shows that almost two-thirds of Glasgow homes could benefit from a connection to a district heating network. It is kind of plan that will attract investors as they will see the potential for a return on their investment.
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