London's councils have amassed over £170m through the Mayor's carbon offset fund since its inception in 2016, meant to aid local climate initiatives. However, only about £40m has been utilized by the 33 councils. Many councils cite limited resources, expertise, and time as barriers to effective spending. The unspent funds are critical for local carbon reduction measures such as housing energy improvements, renewable energy projects, and community grants. Despite forthcoming additional funds, slow and inconsistent council actions leave many Londoners without necessary climate solutions.
"Progress in spending on climate action funds has been unacceptably slow and inconsistent, leaving many Londoners stuck in unfit housing while bills continue to climb."
"Councils across London have ample funds to initiate local climate projects, yet many have spent less than 20% of available resources, highlighting a concerning lack of action."
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