The Economy of Green Cities by Richard Simpson & Monika Zimmermann

Author:Richard Simpson & Monika Zimmermann
Language: eng
Format: epub
Publisher: Springer Netherlands, Dordrecht

18.8% with the exploitation of all of the realistic potential of the different measures. This would require an investment of £13 billion, generating annual savings of £1.7 billion, paying back the investment in 7.6 years but generating annual savings for the lifetime of the measures.

3.2 Impacts on Future Energy Bills

These figures are particularly significant in the context of projected energy price increases. We calculate that the 2011 Leeds City Region energy bill is £5.4 billion per year, but we forecast that this will grow to £7.2 billion by 2022 – a 33% increase in the LCR annual energy bill. With exploitation of the effective measures, this £1.8 billion increase in the annual energy bill could be cut by £1.2 billion. With exploitation of the cost neutral measures it could be cut by £1.6 billion, and if all of the realistic potential was exploited it could be cut by £1.7 billion. The Leeds City Region could therefore insulate itself against projected energy price increases to a very large extent through investments in energy efficiency and low carbon options.

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