London has become the seventh location in the UK to be named as a Low Carbon Economic Area (LCEA) and as a result will focus on making its buildings more energy efficient.
The six other regions are the south-west, north-east, north-west, Yorkshire, Greater Manchester and south Wales.
According to the Department for Business, Innovation and Skills, as part of the LCEA programme close to Â£90 million of funding will be set aside to go towards retrofitting schemes for buildings.
In addition, projects will be undertaken that cover energy supply, financing mechanisms, low carbon business growth and employment.
Commenting on the news, business minister Ian Lucas said the programme will be sure to make London a world leader for energy-efficient buildings.
“The opportunity to develop and demonstrate solutions for the refurbishment of homes and commercial buildings will help the construction sector to innovate in order to retain, as well as expand, its current market position,” he added.