Glasgow unveils the ‘Greenprint for Investment’ prospectus spanning £30bn of investments to help the city reach their target of a Net-Zero Economy by 2030.
The City of Glasgow today launched its ‘Greenprint for Investment’, a £30bn portfolio of investment projects designed to give a significant boost to the city’s target to reach Net-Zero by 2030. In June, the city announced that it had reduced its carbon emissions by 41% since 2006, surpassing the 30% target Glasgow set for 2020.
The scale and diversity of the projects reflects and supports Glasgow’s global sustainability ambitions and provides international and activist investors with a mix of decarbonising and transformative development opportunities as well as more traditional robust, investor-ready propositions.
Cllr Susan Aitken, Leader of Glasgow City Council said: “Glasgow is ready to meet the challenges of the climate emergency head on, addressing long-standing social, economic and environmental challenges around fuel poverty, poor connectivity and community blight whilst meeting our climate targets. Our Net-Zero future is about safer communities, warm and efficient homes, sustainable jobs and a prosperous economy. Transition has to be about the social and economic well-being of Glasgow and its people.
“This will require levels of investment never seen before in local government and adaptation plans which will be vital in delivering a modern, resilient and inclusive city economy. As a core element of Glasgow’s Green Deal, our ‘Greenprint’ brings together transformational, investable and shovel-ready projects. From an entire new transport system better connecting citizens to opportunities, generating renewable energy from the River Clyde and upgrading hundreds of thousands of homes across our city region, the Greenprint projects will deliver the infrastructure necessary for a low carbon, climate-resilient future.
“All cities face huge change. Glasgow’s challenges are typical of those of so many of our global peers. As cities rebuild to decarbonise, we can be the demonstrator in shaping those solutions. The success of COP26 will be measured by how cities can take the practical steps necessary to secure the future of our planet. Our Greenprint provides a major part of our roadmap to doing just that.”
The portfolio of projects outlined within the prospectus relate to four umbrella United Nations Sustainable Development Goals (SDGs): 8) Decent Work and Economic Growth; 11) Sustainable Cities and Communities; 13) Climate Action; and 17) Partnerships for the Goals. The SDGs are a blueprint to achieve a better and more sustainable future for all.
