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Cost of carbon neutral homes in London

Questions to the Mayor of London – answered on 13th March 2020.

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Photo of Caroline Russell Caroline Russell Green

How much money do you need from Government to bring all London homes up to standards fit for your 2030 carbon neutral target?

Photo of Sadiq Khan Sadiq Khan Mayor of London

I have made it clear that if I am re-elected I will bring forward London’s net zero carbon target to 2030.

As part of my 1.5°C compatible plan I estimated the cumulative discounted costs for all buildings to achieve my net zero carbon target by 2050 are £56bn (including energy efficiency, connections to heat networks, installation of heat pumps and renewable energy technologies), but would likely be higher to achieve net zero by 2030.

My retrofit accelerator homes programme is supporting social landlords and boroughs in developing whole house retrofit approaches. As well as committing funding through the Mayor’s Energy Efficiency Fund and my  Energy for Londoners programme, government must ensure London receives a fair share of national funding streams for the decarbonisation of buildings, including homes and also put in place the right regulation to drive change at scale.