The Mayor of London's plans to cut energy and tackle climate change could bring 10-15,000 jobs and contribute £600m a year to the capital's economy by 2025, according to a report published by Ernst and Young.

The report outlines for the first time the massive economic boost and job opportunities for London and the UK if it positions itself at the forefront of a low carbon economy. The report, which was commissioned by the London Development Agency (LDA), bases its figures on the Mayor's existing plans to make buildings more energy efficient, build waste and recycling plants, introduce low carbon vehicles and the building of a decentralised energy network across London.

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London Mayor Boris Johnson said: "I see the green economy as an unprecedented opportunity not only to improve our planet and our quality of life, but to develop new industries and create new jobs in an economic climate that is otherwise extremely difficult. There are clear opportunities for London to create jobs and wealth by pursuing programmes to save energy and cut carbon. This report shows the capital is uniquely placed to become a leading low carbon city with all the economic benefits that would bring. I am determined that London emerges in the best possible position from the downturn and I'm taking every step required to do so. We are already making our own buildings more energy efficient saving £1 million per year. These kinds of things will not only stimulate our economy, but also help to contribute to global efforts to make the changes needed to become a less carbon belching society."

(CD/JM)