15 August 2018 | Herpreet Kaur Grewal
The City of London Corporation has announced the introduction of new charges for on-street parking in the Square Mile, starting on Monday 20 August.
The parking charges will use a new parking solution to target high-polluting transport with higher charges while rewarding drivers of low-emission vehicles with lower tariffs.
The initiative aims to incentivise motorists to make more environmentally friendly choices and improve air quality across the City by reducing nitrogen oxides and harmful particulates.
The parking product will automatically assess the type of vehicle being parked and charge tariffs based on the level of pollution emitted by the vehicle.
Although the product is being used elsewhere in London, the corporation is the first to offer a range of charges dependent on the vehicle's fuel type.
Chris Hayward, planning and transportation committee chairman at the City of London Corporation, said: "We have seen other areas of London penalise the worst offenders such as diesel cars. We are taking this one step further by not only applying punitive measures for these worst offenders, but by supporting and encouraging motorists to consider other modes of transport and switch to cleaner vehicles in the future."
The introduction of environmentally friendly tariffs for on-street parking charges is one of the many measures being introduced by the corporation to improve air quality in the City.
Residents in the Barbican who use an electric vehicle now have access to 30 permanent charging points across the grade II-listed estate.
Dominic Richardson, partner, Gowling WLG, said: "This is an interesting addition to London's existing efforts to bring down and control high levels of carbon emissions. Some may question whether it goes far enough in terms of geographical spread, but it is often best to grow from a strong baseline - so all eyes will be on the implementation of this, in order to chart its development and potentially introduce into other areas of the capital as well as the UK."