"It comes as a new report published today values the smart cities industry at more than $400 billion globally by 2020, with the UK expected to gain a 10% share ($40 billion)."European Initiative on Smart Cities
"This Initiative will support cities and regions in taking ambitious and pioneering measures to progress by 2020 towards a 40% reduction of greenhouse gas emissions through sustainable use and production of energy. This will require systemic approaches and organisational innovation, encompassing energy efficiency, low carbon technologies and the smart management of supply and demand. In particular, measures on buildings, local energy networks and transport would be the main components of the Initiative."