03 March 2023
Your request
Please provide details of how much money you have collected into Lambeth’s Carbon Offset Fund - being the payments made to Lambeth by developers under the London Plan net zero target, once on-site reductions have been maximised.
Please provide details of payments agreed but not yet collected
Please provide details of expenditure from this fund - listing the projects that have been funded (in as much detail as you can) and the CO2 savings from each project.
Please provide details of the councils policy and process for selecting projects to be funded.
Please confirm the carbon offset price that Lambeth are applying e.g., £90/tonCO2e
Attached you can see the GLA report regarding the collection and spending of these funds across London - no details from Lambeth on the spending side are provided and the collection number will now be out of date
Link to the report: https://www.london.gov.uk/programmes-and-strategies/environment-and-climate-change/carbon-offset-funds-report-2020
Our response
Lambeth has collected £837,020.95
The amount agreed but not yet collected is £6,655,282.54
£15,000 – Lambeth Community Solar, Norwood School
Below has been taken from the SAP report:
S106 from the Zero Carbon Fund has been requested to part finance the installation costs of a solar photovoltaic (PV) system at Norwood School. The 83kW solar PV will save an average of 18 tonnes CO2e a year, which contributes towards Lambeth’s ambition to be carbon neutral by 2030.
Lambeth’s policy and process for allocating Carbon Offset Funds is set out here: http://moderngov.lambeth.gov.uk/documents/s137610/Procedure%20for%20allocating%20Lambeth%20Councils%20Section%20106%20Carbon%20Offset%20Funds.pdf
Lambeth’s offset price is £95/tCO2e.