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Paul Turner

Deputy Chair, London Sustainable Development Commission (LSDC)

&Sustainable Business Director for the

Lloyds Banking Group

City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org

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London’s challenges – and opportunities

• Over 8.4m people, set to grow to 10m by 2040s

• 3.9 million households

• 432,000 businesses

• GVA 22.2% of UK - grew by 4.0% in 2013

• Size of the economy £338.4 billion

• 5.6m jobs up 1.5% since last quarter

• In context of some international uncertainty London likely to outperform UK growth in 2014 and 2015

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London = innovation

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FINANCE

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RESEARCH & DEVELOPMENT

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SKILLS

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LSDC – Priorities

Green Business & Clean-Tech

Circular Economy

Decentralised Energy

THE GRE E N EC ON OMY

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London, an international green innovation hub

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VISION

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LSDC – Priorities

Green Business/Clean-Tech

Circular Economy Decentralised Energy

London Infrastructure Plan 2050:vision for London’s resources

By 2050 … very little waste will require disposal, the estimated economic benefits of accelerating London’s move to a circular economy include:• reduced costs of up to £5billion from 2016

to 2050• a new economic sector bringing new

employment• opportunities and sparking innovation• the increased ability of industry to hedge

its exposure to• global commodity price volatility and

supply disruption by reusing waste materials

• reduced toxic waste• reduced wider impacts, for example on

transport

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Next steps

Route Map Procurement Infrastructure Best Practice

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LSDC – Priorities

Green Business/Clean-Tech Circular Economy

Decentralised Energy

City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org

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Powering London

City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org

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Decentralised Energy – solar

City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org

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Decentralised Energy - finance

Support for a vehicle to operate between energy producers, suppliers and

consumers in order to coordinate and bring forward finance for those elements

of low risk schemes that fail to achieve commercial rates of return during their

early build-out stages

City Hall, Queen’s Walk, London SE1 2AA | 0207 983 5832 www.londonsdc.org

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Thank you