Source link : https://london-news.net/headline-leading-the-charge-london-councils-innovate-with-carbon-offset-projects-for-a-greener-future/
According to advice from the mayor of London, funds acquired from carbon offset initiatives by developers should primarily be allocated to projects focusing on energy efficiency, renewable energy, and district heating. However, some councils express concerns that the funding they obtain is frequently inadequate for financing such initiatives.
On the other hand, some councils have successfully addressed this challenge by leveraging their carbon offset funds alongside additional financial resources to undertake significant projects. A particularly notable instance is Islington council’s award-winning Bunhill heat and power network in north London, which has benefited from over £5 million in offset financing.
This project claims to be the world’s first to capture warm air from underground train systems and convert it into affordable, eco-friendly energy. Launched in 2012, it provides reduced-cost, greener energy to 800 homes in estates surrounding Old Street. The Bunhill 2 extension, inaugurated in 2020, is located in a repurposed London Underground station situated between Angel and Old Street. This extension harnesses warm air from the Northern line tunnels to heat water, which is then circulated to 1,350 homes, a school, and two leisure centers, effectively lowering energy costs and providing low-carbon heating solutions. Furthermore, it generates sustainable electricity that is redirected back into the underground system and a nearby residential tower, energizing…
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Author : rimmaruslan98@gmail.com
Publish date : 2025-04-26 15:32:00
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