UK cities ‘could raise €6.2bn for smart projects’

Around €6.2 billion (£4.7bn) could be raised in the UK from the private sector to fund smart city projects. New research from Siemens Financial Services (SFS) found a growing number of global cities are approaching smart city development through a series of smaller projects that can be privately financed due to limited public sector budgets. […]

Priti Patel visits India to hail energy partnership

UK International Development Secretary Priti Patel has visited India to strengthen strategic partnerships in various fields including energy. In a three-day visit to the country, Ms Patel outlined how the UK is supporting India’s economic agenda by helping improving its energy infrastructure and boosting renewables among other measures. The UK is also supporting India’s ‘Smart Cities […]

Smart grid technologies ‘to save $18.8bn by 2021’

The deployment of smart grid technologies will deliver $18.8 billion (£14.3bn) in cost savings by 2021. That’s according to a report from Juniper which states this will be achieved through reducing energy use and avoiding economic costs from emissions. It also forecasts the smart street lighting market to surge in the next five years. That’s […]

London among top smart cities in the world

London has been named the third smart city in the world. New research suggests the capital’s key strengths lie in its investment in congestion reduction initiatives. Some of the congestion and mobility measures are the congestion charge, rollout of smart parking, road sensors and variable message signs in roads, research firm Juniper states. The UK’s […]

European cities launch €29m smart energy project

The cities of Lyon, Munich and Vienna will deliver smart energy solutions under a €29 million (£22.6m) project. Around €24 million is funded by the European Commission. The five-year Smarter Together programme aims to improve citizen’s quality of life, focusing on district heating and renewable projects for low energy districts. It also includes smart data management […]

European cities are not that ‘smart’

European cities must be smarter with their money and legal systems to develop into ‘smart’ cities. A recent report found that funding is a significant challenge in upgrading ‘smart’ European cities. Governments must create adequate legal systems that keep up with the pace of technological innovations, say lawyers at Osborne Clarke, who commissioned the report. […]

‘Smart cities’ index ranks cities on sustainability

Cities will soon be able to compare how green they are, with the launch of an index that ranks urban centres on their efforts to become ‘smart’. The creators say their Smart Cities Index, first pioneered in Spain’s 44 largest cities, will help authorities and citizens get more engaged with low carbon plans. Roberta Bigliani […]