London’s low-carbon economy is estimated at over £30bn. The capital has the UK’s greatest concentration of green businesses, but there is still significant potential for growth. EIT Climate-KIC is working with the Greater London Authority (GLA) to establish CleanTech London to bring together existing projects and identify new areas and initiatives to accelerate innovation and position London as a world-leading CleanTech innovation hub.
Goals
CleanTech London has three overarching aims:
- Build a cohesive CleanTech community with a unified voice that represents London nationally and globally
- Stimulate innovation and enhance market access by supporting CleanTech businesses to address London’s environmental and economic challenges
- Remove barriers to scaling-up CleanTech innovations
Approach
CleanTech London is creating a comprehensive stakeholder map of the CleanTech sector, which will inform a framework to strategically support the sector. It will build on and bring together existing activities – including the Climate-KIC Accelerator; Sustainable Ventures Accelerator and the LWARB Circular London Accelerator for the built environment – to provide more strategic support to CleanTech innovators.
It has also established the CleanTech Test Bed, with support from Climate-KIC, which will work with local authorities to inform their procurement mechanisms for news innovations, developing new testing approaches that will stimulate demand for CleanTech innovation.
CleanTech London’s cross sector initiatives are designed to ensure London’s CleanTech businesses grow sustainably, contribute to addressing London’s environmental challenges, create jobs, and improve productivity.
Featured Projects in London
The Queen Elizabeth Olympic Park (QEOP) redevelopment plan is creating a dynamic new district with new jobs, housing and a cultural district. In doing so, it wanted to optimise energy efficiency and resources, and uses data to enhance quality of life. Climate-KIC helped form partnerships to develop new energy optimisation systems, energy conservation programmes, and data collection and management platforms, leading to significant energy savings.
Read MoreA pilot project to help local authorities test, co-design and procure innovations is helping start-ups develop innovation that more directly meets the needs of local government, whilst supporting local authorities to procure locally developed solutions that help them meet energy objectives.
Reimagining Disclosure, led by the Carbon Disclosure Project(CDP) with Climate-KIC support and funding, produced recommendations on how companies should analyse and disclose climate-related financial risks. The recommendations, which help sustainable investment decisions, have received public support from over 500 global companies and 130 investors. It is hoped they will eventually be given a legal basis by national governments.
Read MoreOasis is a suite of tools and services - widely used by companies and governments - that support catastrophe modelling and risk analytics to help understand and manage catastrophe and climate-related risk. Climate-KIC has supported the launch of a free eMarketplace (Oasis Hub) for risk data, tools, and services, helped developed open source training for using Oasis and provided €3.9 million in funding for Oasis’ 14 partners.
Read MoreClimate-KIC Programmes in London
The Climate-KIC Accelerator is the only EU acceleration programme focused on climate impact by cleantech commercialisation. The 18-month program provides entrepreneurs with the knowledge, resources, tools and the coaching to succeed as a cleantech start-up.
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