London Climate Finance Facility (1)

Questions to the Mayor of London – answered on 24th May 2022.

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Photo of Zack Polanski Zack Polanski Green

When do you expect to set out a prospectus for how your proposed London Climate Finance Facility will work, and will it include both a clear ethical standard and details about how Londoners can use this investment to reduce the impact of high energy costs on their finances?

Photo of Sadiq Khan Sadiq Khan Mayor of London

My proposed Finance Facility is currently in development and forms an integral part of my green finance programme, aimed at mobilising greater levels of private sector investment into climate related projects. My Green Bond, announced earlier this year, forms the first phase of this Finance Facility, with the aim of mobilising more than £500m of finance.