London's Green Economy

Meeting: 
MQT on 2013-10-23
Session date: 
October 23, 2013
Reference: 
2013/3582
Question By: 
James Cleverly
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor
Category: 

Question

Following a recent report which says that London's green economy has been booming in the last two years, what factors do you attribute to this success?

Answer

Answer for London's Green Economy

Answer for London's Green Economy

Answered By: 
The Mayor

James, thank you very much.  It has been stunning to see the way London has continued to boom in this area.  It is probably the leading city in the world now for green economy and there are lots of reasons for that.  You have obviously a strong green direction, both at borough level and strategically here in City Hall.  People know that we want to improve air quality.  They know that we want cleaner, greener vehicles.  They know that, even though it is slow, we want more electric vehicles, for instance.  They know that we have a target to reduce CO2 by 2025.  They understand the framework in which we are working.

I think it is also very important that London has such a huge green financial sector.  This is the place where you have the financial expertise.  You also have the universities that have big departments dedicated to this stuff.  You have all three things.  You have a public sector demand and push for this kind of measure; you have the financial backing; and you have the intellectual resources in the City as well.