£14 billion worth of private sector investment in home energy improvements over the next decade will help insulate households from rising global energy prices and create thousands of jobs in the British insulation and construction sector, Chris Huhne, Energy and Climate Change Secretary, said this week.
A consultation on the Green Deal, which will provide home energy saving upgrades to householders at no upfront cost, was published as part of the Energy and Climate Change Secretary’s Annual Energy Statement to Parliament.
“The Green Deal is about putting energy consumers back in control of their bills and banishing Britain’s draughty homes to the history books,” Chris Huhne said. “By stimulating billions of pounds of private sector investment, the Green Deal will revolutionise the way that we keep our homes warm, making them cosier, more efficient – and all at no upfront cost.
“The Green Deal is also a massive business opportunity for firms up and down Britain, helping to power the economy and creating jobs. From one-man bands and local authorities, to the big supermarkets and DIY stores, we want as many providers getting involved as possible because that’s what will give consumers the best deal.”
The Glass and Glazing Federation welcomed the publication of the Green Deal and Energy Company Obligation Consultation, in the expectation that it will provide clarity regarding a number of issues of vital importance to the glass and glazing industry.
Nigel Rees, chief executive of the GGF, said: “The GGF has been lobbying hard on a number of aspects of the Green Deal that are of importance to our members. It is important that we maintain momentum, and continue to highlight our concerns to DECC through a response to the consultation. The GGF calls on its members to help us produce a thorough and compelling response.
“The consultation documents span over 700 pages altogether, and with an eight-week deadline for responses, it’s vital that we act quickly. I urge members to get in touch and work with us to ensure the best possible outcome.”
Another trade association argued that local builders could still face being squeezed out of the Green Deal market unless the Government ensures that small local building companies have an equal opportunity to offer Green Deal finance to their customers. “The danger is that the large energy and utility companies will hoover up the Green Deal market and squeeze out local builders which is very bad news both for the building industry and local economies,” Brian Berry, director of external affairs at the Federation of Master Builders said.
Following the launch of the consultation, the Treasury announced that £200m of new and additional Government funding will be made available as an ‘introductory’ offer to boost the early take up of the scheme.
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