Creating a low carbon future
OxFutures is mobilising large-scale investment to develop renewable energy and energy efficiency projects across the city and county. The aim is to achieve a 40% reduction in carbon emissions locally by 2020 and make low carbon economic development mainstream.
The programme has been kick-started by a grant from Intelligent Energy Europe* to leverage investment of £20 million into local energy projects by the end of 2015.
This is the start of a journey to make low carbon economic development mainstream and to bring £400 million of investment into Oxfordshire by 2020. OxFutures will secure the City of Oxford's target to reduce its carbon emissions, and to reach the Oxfordshire County Council target of a 50% reduction in carbon emissions by 2030, based on 2008 levels.
The project builds on the unprecedented success of the City and County councils on carbon reduction and energy efficiency.
Oxfutures has been kick-started by a grant from Intelligent Energy Europe to leverage investment of £15 million into local energy projects over the next three years.