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Related Concept Videos

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Design Example: Sustainability in Concrete Building

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As the construction industry moves towards more eco-friendly practices, concrete's adaptability and its ability to incorporate sustainable features make it a key material in the drive towards greener building solutions.
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Procuring local net zero investment: A UK case study.

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UK local authorities face diminishing resources for net zero goals. Public procurement, like Bristol City Leap, attracts investment but increases risks and costs, requiring careful management for equitable outcomes.

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Area of Science:

  • Environmental policy and economics
  • Public administration and governance
  • Sustainable urban development

Background:

  • UK local authorities face resource constraints due to austerity and rising costs.
  • Central government decarbonisation funding is competitive, limiting direct resource allocation.
  • Place-based net zero investments are crucial but challenging to secure.

Purpose of the Study:

  • To examine the risks and opportunities of public procurement for net zero investments.
  • To analyze the Bristol City Leap public-private-partnership model.
  • To assess the effectiveness of procurement in securing long-term net zero investments.

Main Methods:

  • Qualitative research using workshops and interviews with stakeholders and experts.
  • Analysis of the Bristol City Leap Joint Venture Company procurement and early delivery.
  • Application of transaction cost economics principles.

Main Results:

  • The Bristol City Leap model has significantly increased net zero investment.
  • This procurement approach entails increased risks and transaction costs for the local authority.
  • The public-private-partnership model highlights the trade-offs between investment volume and cost/risk.

Conclusions:

  • Public procurement can facilitate substantial net zero investment despite resource limitations.
  • Successful delivery requires robust procurement capabilities, due diligence, and oversight.
  • Ensuring just and equitable net zero outcomes necessitates ongoing monitoring and verification.