Green Finance

Summary

We need to secure appropriate funding to deliver the actions laid out in the Net Zero Route Map and Action Plan (NZRMAP) so that Oxfordshire can reach net zero, with finance acting as either a key enabler or barrier to success.

Alongside conventional funding sources (including grants from national government and the allocation of local authority budgets), more innovative approaches will need to be adopted (e.g. green bonds, development of insetting schemes), to realise the benefits of local investment and ownership of assets

Key Outputs

Successfully securing a wide range of green funding options is essential to delivering all the goals laid out in the Net Zero Route Map and Action Plan (NZRMAP).

The FOP's Environment Advisory Group have begun exploratory discussions about the use of green bonds to support the deployment of renewable energy technologies. In addition, our partners the Zero Carbon Oxford Partnership (ZCOP) have established an innovative area-based insetting trial with Anthesis in Oxford to demonstrate that this would be another a viable means of attracting funding to deliver local carbon reduction projects which will provide opportunities for shared learning in this area.

Current Status

The FOP's Environment Advisory Group is currently convening a working group to review opportunities for new funding mechanisms to finance delivery of priority actions (e.g., green bonds and ‘insetting’) which could support the creation of a private finance stream into Oxfordshire’s programmes. They are exploring how FOP might take a green finance insetting model forward. The Partnership are also investigation the development of a pipeline of investment ready nature-friendly projects through the Low Carbon Hub and others.

Future Oxfordshire Partnership Advocates for Urgent Action on Grid Constraints Hindering Net Zero Goals

June 30, 2023

The Future Oxfordshire Partnership, a committee of Oxfordshire's six local authorities working with key strategic partners working to deliver a sustainable future for the county, calls to address critical concerns hindering net zero ambitions in the region.

Future Oxfordshire Partnership Embarks on Ambitious Net Zero Journey

March 31, 2023

The Future Oxfordshire Partnership has endorsed five workstreams of the Net Zero Route Map and Action Plan, setting out the path to a net zero future for the county.

Oxfordshire Councils agree new approach to co-ordinating planning in county

September 27, 2022

On Wednesday 27 September, following the cessation of work on the Oxfordshire Plan 2050, the Future Oxfordshire Partnership agreed a new approach to co-ordinating planning across the county by updating the remit of the Oxfordshire Plan Advisory Group.