In the latest episode, we explore the critical topic of climate financing with Kate Hand, Head of Climate Change at London Councils, who delivered an inspiring keynote at the Greening the Public Sector event. With a staggering £35 billion pipeline of projects, London is leading the way in developing innovative strategies to tackle climate change at the local level.

Kate highlights the evolution of local climate financing over the past five years, detailing how boroughs have come together to create a robust framework for attracting investment. By understanding the assets under their control and identifying essential projects, councils are now in a position to tell a compelling story about their ambitions for a sustainable future.

One of the key takeaways from Kate's insights is the importance of collaboration among boroughs. For the first time, councils can see all the projects in their neighbouring boroughs, fostering a spirit of shared learning and cooperation. This collaborative approach is vital for accelerating progress and ensuring that resources are used efficiently.

Kate also discusses the need for long-term delivery models that can adapt to the evolving climate landscape. The shift from a net zero projects pipeline to a green growth pipeline exemplifies this approach, as it integrates climate initiatives into broader growth strategies. By focusing on delivering tangible benefits for communities, councils can garner the support and buy-in needed for successful climate action.

Moreover, the episode addresses the financial realities that boroughs face, with many struggling to balance their budgets while investing in climate action. Kate emphasises the need for innovative financing solutions, such as aggregating smaller projects into larger portfolios that can attract investment. This strategy not only secures funding but also generates returns that can be reinvested into essential services.

As we move forward, the conversation around climate financing must include diverse stakeholders, from climate officers to finance directors. By clarifying responsibilities and fostering collaboration, London can create a cohesive strategy that addresses both immediate needs and long-term sustainability goals.

Tune in to this episode to hear more about how London Councils is navigating the complexities of climate financing and leading the charge towards a greener future.

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