27/10/2011 - The government of London issued the following press release:
London's green economy is thriving, despite the downturn, according to new figures published today by the Mayor of London, Boris Johnson
Figures compiled by INNOVAS for a report commissioned by the Mayor, has examined in detail for the first time, the health of the low carbon and environmental goods and services sector in London during 2009-2010. It reveals that the sector grew by over four per cent a year, was supporting 9,000 companies employing 160,000 people and importantly, is set to grow further. In addition, of the 23 individual areas comprising the green economy as identified in the report, London is ranked first in 13 when comparing overall market value.
The new analysis, published in summary today, shows that London's environmental strengths, when compared to other UK regions, were in carbon finance, geo-thermal (which includes ground source heat pumps, local heat networks and combined heat and power plants), solar/photovoltaics and waste management. Carbon finance makes up the biggest share of this, worth nearly £6billion, and with nearly 2,000 companies employing over 23,000 people. It also accounts for 97 per cent of the UK carbon finance market. This is in line with London's pre-eminence as a leading financial centre and the power house of the UK economy. read more>>>
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