Green Enterprise District could make London a leading marketplace for low-carbon business

The project could help London become a leader for low-carbon businesses and will most certainly contribute to repairing and transforming undeveloped industrial land; the zone could eventually be used to encourage making a new low-carbon marketplace out of London. It is planned for the district to extend across the boroughs of Hackney, Tower Hamlets, Newham, Waltham Forest, Havering, and Barking and Dagenham.

This kind of approach will promote a low-carbon economy and it is expected to attract innovative organisations and businesses that provide environmentally friendly services in the fields of waste management, recycling, renewable energy and alternative vehicles, alternative fuel and building technologies. Johnson wants London “to be ahead of the queue, grasping a significant share of the jobs and economic booty arising from this new generation of low carbon goods and services”, he said at the BASE London conference, as reported by 24dash.com on 27 May 2010.

The aim is to generate between £40 and £140 billion of investments, with expected job creation in the area of 200 000 posts until 2050, according to the London Development Agency. Siemens unveiled its plans to invest £30 million in the Green Enterprise District, including the building of a conference and exhibition centre in its landmark building, which hopes to see more than 100 000 visitors a year learning about the benefits of low carbon future.

The Siemens Pavilion itself is designed to be with sustainable construction, energy and water efficient, using recycled building material and industrial by-product cement, in order to meet the highest in potential environmental standards. Currently, all the necessary surveys are in progress and it is expected for the pavilion to be completed and open for visitor in 2012. A new landmark will provide environmental and economic strategy related to the demands for low-carbon goods and services, and most likely London will secure its place in the new global green market.