Left Menu
Development News Edition

London launches green energy firm to fight climate change, poverty

Reuters | London | Updated: 14-01-2020 00:42 IST | Created: 14-01-2020 00:21 IST
London launches green energy firm to fight climate change, poverty
Representative image Image Credit: Pxhere

London's mayor launched a green energy company that will provide "fair-priced" electricity from renewable sources on Monday, seeking to reduce carbon emissions and make fuel more affordable.

One in 10 Londoners cannot afford to pay their energy bills, according to figures from the mayor's office, which said the new, company London Power, would offer a competitive tariff. Profits will be invested into community projects that help tackle fuel poverty, fight climate change and meet the British capital's goal of becoming carbon neutral by 2050.

"It is a disgrace that many Londoners pay too much to heat and light their homes," said London's Mayor Sadiq Khan in a statement. London Power is run in partnership with British firm Octopus Energy and will generate electricity from renewable sources including solar and wind, the statement said.

It follows similar moves by Barcelona in Spain, Basel in Switzerland and Burlington in the United States. One in seven Americans is served by a not-for-profit, community-owned or locally controlled power utility, according to the American Public Power Association.

Britain was the first G7 country to commit to reaching net-zero emissions by 2050 and in 2019 produced more electricity from zero-carbon sources such as wind, solar and nuclear than from fossil fuel plants for the first time. London is not the first British city to launch its own energy provider.

In 2015 the English city of Nottingham created a not for profit green energy company to tackle local fuel poverty - calling it Robin Hood Energy, after the legendary local hero famed for robbing the rich to pay the poor.


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

EXCLUSIVE-Iraq trains US-sanctioned militia leader for army position - sources

The Iraqi military is training a former member of an Iran-backed militia, who is under U.S. sanctions for killing protesters, to become a high-ranking officer in the army, according to six government, security, and militia officials. They s...

Trade union strike partially affects normal life in Bengal, 449 arrested

Normal life was partially affected in West Bengal on Thursday due to a nationwide trade union strike -- the first since the lockdown -- during which sporadic clashes were reported in several parts of the state. Around 449 people were arrest...

26/11: `Police had general inputs about possible targets'

Joint commissioner of Mumbai police Vishwas Nangre Patil on Thursday said that police had received general alert prior to the 2611 attack that the iconic Taj Mahal hotel and six other places in Mumbai could be targeted by terrorists. In 200...

Special postal covers on 'kangri' and 'kehwa' released

Special postal covers of kangri and kehwa were released by Lieutenant Governor Manoj Sinha in Jammu on Thursday. Kangri is a small pot filled with lighted charcoal which is carried close to the body as a means of keeping warm, while Kehwa i...

Give Feedback