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London's Mayor Wants to Join Green Bond Rush to Tackle Fuel Poverty

  • Mayor wants to borrow 500 million pounds in green debt
  • Proceeds to help fund more energy efficient buildings
Sadiq Khan

Sadiq Khan

Photographer: David Paul Morris/Bloomberg

London’s Mayor Sadiq Khan wants the city to issue over 500 million pounds ($677 million) in green bonds to help meet climate goals and reduce energy costs. 

The financing would go toward low-carbon projects, such as making social housing and public buildings more energy efficient. That could help reduce heating bills and address some of the highest levels of fuel poverty in the country, Khan’s office said in a statement Tuesday.