7 Pillars
This pillar focuses on the development and diversification of funding sources for net zero projects. It highlights the transition from reliance on government grants and partner funding to accessing larger scale external capital. It addresses the challenges faced in raising capital for non-traditional asset classes and the importance of valuing non-financial benefits to attract investment. The need for tools that enable intelligent decision-making by local authorities is also emphasised, to enhance their capability to reach investment viability.
This area deals with the organisational capacity and structure necessary for the successful implementation of net zero projects. It compares the expertise and capabilities of different bodies, some with long-standing structures and others rapidly building new ones. Challenges such as recruitment difficulties and skills shortages are identified, along with the introduction of financial support services to enhance local capacity and facilitate access to external expertise.
This pillar underscores the importance of adapting net zero strategies to the unique socio-economic and geographic characteristics of an area. It discusses how local conditions, such as economic disparities and energy needs, dictate the adoption of specific technologies and approaches. The focus is on creating tailored solutions that address local challenges and opportunities, whether in urban or rural settings.
Focusing on the intersection of net zero goals with local economic and social outcomes, this pillar examines the impact of skills development and supply chain readiness on the deliverability of net zero portfolios. It highlights the need for community-level net zero skills and initiatives and discusses how embedding socio-economic benefits can foster local support and enhance the overall success of these projects.
This area explores the influence of political structures and public policy on the development and delivery of net zero. It discusses how diverse political perspectives within local governance can affect the planning and execution of net zero initiatives. The empowerment derived from devolved governmental powers is also highlighted, stressing the need for a nuanced understanding of local political environments to tailor effective investment strategies.
Addressing the operational challenges in implementing net zero initiatives, this pillar focuses on the hurdles associated with planning and procurement processes. It identifies varying levels of success across different areas, influenced by local capacities and regulatory frameworks. The role of new procurement services in enhancing immediate and long-term capabilities is discussed, along with the strategic use of planning tools to facilitate net zero developments.
This final pillar emphasises the critical role of community involvement in the success of net zero projects. It advocates for strong, localised participation where community members actively contribute to project shaping. Techniques for building trust and securing long-term community support are discussed, highlighting the importance of inclusivity and responsiveness to local needs in achieving sustainable net zero transitions.