ESG News
Summary
- The £1 billion scheme will provide low-carbon heating to iconic buildings, including Parliament and Downing Street, by utilizing innovative heat sources like the Thames and the London Underground.
- The initiative, led by DESNZ and Westminster Council, aims to cut 75,000 tonnes of CO2 annually, create 500 jobs, and improve air quality by eliminating gas boiler emissions.
- Construction begins in 2026, with the Swan Partnership planning investments up to £1 billion by 2050.
The UK’s Department for Energy Security and Net Zero (DESNZ) and Westminster Council have launched a £1 billion heat network aimed at providing low-carbon heating to some of London’s most famous sites. The project, spearheaded by the South Westminster Area Network (Swan) Partnership—comprising heat network developers Hemiko and Vital Energi—will connect iconic landmarks like the Houses of Parliament, Downing Street, and the National Gallery to sustainable energy sources.
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