'The numbers are scary': The unfathomable cost of going net zero in Greater Manchester
manchestereveningnews.co.ukMaking Greater Manchester's energy supply carbon neutral by 2038 will cost £64 BILLION, according to a new report. Plans to decarbonise energy infrastructure in the city-region have now been given the green light by local authority leaders.
A report approved last week estimates the cost of fund renewable energy projects such as solar power, installing electric vehicle charging points and retrofitting residential properties to make them more energy efficient.
Greater Manchester has 15 years left to meet its net zero target. More detailed proposals setting out specific schemes which will require public funding are expected to come forward, but it is hoped that the private sector will also contribute a significant sum.
Of the £64bn required, around 70 pc is already accounted for, but this existing investment may need to be redirected. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features. However, a gap of £19bn remains for Greater Manchester to meet its goals.
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