Greater Manchester Low Carbon Investment Pipeline
Topic of the practice
Development of a sustainable investment programme
Good Practice Information
Greater Manchester has set a 48% CO2 reduction target by 2020. Since there was a greater chance to meet the 48% target if a larger scale programme were developed, instead of individual projects, the Greater Manchester pipeline was developed, targeting project development in 3 classes; residential, non-residential buildings and infrastructure. The work of the pipeline consist of identification/prioritisation of projects, identification/funding for a team to support the GM authorities in the development and delivery of pipeline projects and development of an investment framework to deliver a coordinated approach to public and private sector funding. The approach is expected to add significant economic value and employment to the region and reduce CO2 from existing buildings by 1.8 million tonnes.
Evidence of success
Though the GP is still in full development, it can already been seen as successful, since a joint venture with the UK Green Investment Bank has been signed and Greater Manchester is now seen to be leading this work in the UK and also gathering an international reputation for its novel approach. A number of projects have already been undertaken on 5 housing retrofit projects and 3 completed hydro projects.
Contact details to obtain further information on the practice
Annex completed on: 09-19-2012