This was cited positively as the sort of measure that could build investor confidence: provided, stakeholders stressed, that Council departments have the resource, expertise and powers they need to perform this new duty effectively.xiiiOfficial Report, NZET Committee, 17 May 2022, col 3 (UK Energy Research Council; Existing Homes Alliance), 24 May, col 17 (Scottish Renewables);
Investors prefer consistency: we heard that investors want deal-making to be simplified where possible because the projects themselves are likely to be complex and technical.xivOfficial Report, NZET Committee, 21 June 2022, cols 16-17 (Green Finance Institute), col 26 (Association of British Insurers) Having 32 different local government partners with potentially 32 different approaches was an example given of a complicating factor.xvOfficial Report, NZET Committee, 21 June 2022, col 7 (Association of British Insurers) One way to mitigate this would be for COSLA to coordinate agreed ground-rules for net zero investment between all Councils.