London Mayor Boris Johnson has argued that central government should be at the forefront of the capital’s drive to improve the environmental credentials of its property portfolios, and has called for banks to be ‘much more creative about the funding they could provide to support retrofitting in this city.’ The initiative would also have substantial advantages to the taxpayer.
Johnson was speaking at the launch of World Green Building Week at City Hall in the capital. He reported that retrofitting had already been carried out on 42 of the Greater London Authority’s buildings, claiming that the savings from doing so would lead to a profit of £1 million over the next eight years.
With the help of banks to refit office space, London could become a world-leader in such practices, he said. ‘There is a huge stock of public buildings that could be retrofitted to the benefit of the taxpayer.’