Knox considering borrowing funds for greenhouse reduction measures
June 26, 2007
The City Council of Knox (Australia) is considering borrowing $US 1.187 million ($AUS 1.4 million) to fund an increased short-term commitment to reduce greenhouse gas emissions.
In 1999, Knox adopted a 30 percent greenhouse gas reduction target, to be reached by the year 2010. The council is on target to meet that objective as a result of buying 50 percent Greenpower for its streetlight network.
Potential measures have been identified that could meet a new target of a 75 percent reduction of 1990 levels. A 50 percent reduction could be achieved by implementing the recommendations of energy audits on council buildings, with the remainder being made up by using a more fuel-efficient vehicle fleet and by purchasing Greenpower for the remaining streetlights.
The suggestion to borrow money to fund deeper reductions is to be considered in the City’s upcoming budgetary processes.
More and more cities are facing the need to mitigate climate change while already adapting to the changes brought about by climate change. ICLEI’s Cities for Climate Protection® (CCP) Campaign is an innovative international campaign that helps local government and their communities to reduce greenhouse gas emissions and their impact on the environment. And now, the CCP Campaign is launching the Adaptation Initiative, building capacity for climate change impacts at the local level. For more information, please visit www.iclei.org/oceania/ccp.
Knox is one of 95 local governments in Australia that are currently Members of ICLEI – Local Governments for Sustainability. For more information on ICLEI and its activities in the Oceania Region, please visit www.iclei.org/oceania.
Source: “Debt for the Environment”, Star News Group, 2 May 2007.
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