Local authorities in London have agreed a plan to retrofit 3.8 million homes in the capital to help achieve net zero targets.

London Councils, which represents local authorities in the capital, said all 33 councils, including the City of London, have signed up to the scheme

Councils have committed to upgrading all their housing stock to an average energy performance rating of EPC B by 2030 to drive a “dramatic decarbonisation of London property”

The cost of achieving net zero in London by 2030 will be around £98bn, London Councils estimated. However, it said it will support 200,000 jobs, boosting London’s post-pandemic economy.