Creating a low carbon future
OxFutures is mobilising large-scale investment to develop renewable energy and energy efficiency projects across the city and county. Our ambition is to position Oxfordshire at the forefront of low carbon innovation and lead on the UK’s transition to a sustainable energy future.
The programme has been kick-started by a grant from Intelligent Energy Europe* to leverage investment of £20 million into local energy projects by the end of 2015.
This is the start of our journey to make low carbon economic development mainstream and to bring £400 million of investment into Oxfordshire by 2020. OxFutures will secure the City of Oxford’s target to reduce its carbon emissions by 40% by 2020, and to reach the Oxfordshire County Council target of a 50% reduction in carbon emissions by 2030, based on 2008 levels.
* Intelligent Energy Europe grant for OxFutures also known as MLEI OTR
Dr Barbara Hammond, CEO of the Low Carbon Hub:
“By making renewable energy schemes a reality in Oxfordshire, we can inspire others across the UK and Europe to do the same.”
Councillor John Tanner, Oxford City Council Board Member for a Cleaner, Greener Oxford:
“This project is fantastic for Oxford and our low carbon future.”
Councillor David Nimmo Smith, Oxfordshire County Council Cabinet Member for Environment:
“The County Council congratulates the Low Carbon Hub for its work with local communities to secure clean, low cost energy supplies for Oxfordshire. I’m very pleased to support the OxFutures project which will enable the Hub to make an even bigger contribution to the Oxfordshire economy.”