Finance and funding The full costs of achieving net zero emissions across Westminster by 2040 are currently unknown. Further information on the costs associated with specific actions will need to be developed over the plan lifecycle. However, significant additional resource will need to be identified and secured across the city to support our immediate, medium, and long-term climate response. £ Funding sources identified or allocated by WCC Source £5 million funding for the WCC climate emergency programme WCC budget Strategic allocation of Community Infrastructure Levy and Carbon Offset planning contributions to support community action WCC financial (planning) obligations Public Sector Decarbonisation Scheme (PSDS) Government funding Ongoing review of new and innovative funding sources (e.g.green bonds, crowdfunding etc) Private investment Public funds Lobbying for external funding and support Central government challenges and opportunities challenges and opportunities Foreword and introduction Foreword and introduction 40 | Zero Carbon City 2040 Westminster Climate Emergency Action Plan Contents Contents commitment and Collaboration commitment and Collaboration Glossary Glossary accelerating Delivery accelerating Delivery