Transport accounts for 60 percent of all air
pollutant emissions in London. This project seeks to develop new zero
emission-capable vehicles with manufacturers; it will use GPS-based geofencing
to switch hybrid vehicles to its zero emission drive cycle and will provide a
range of innovative financing solutions. The aim of the project is to reduce
emissions from the city’s iconic black taxi fleet by up to 100 percent in
central London and around 75 percent in the rest of the city. Since the
introduction of age limits more than 3,000 of the oldest taxis have been
retired and from 2018 all taxis will be newly licensed. This project is a
unique approach of aligning the Government Office for low emission vehicles,
the European Investment Bank and the UK Green Investment Bank.
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