WWF today published a report from Cambridge Econometrics that sets out the value that reducing carbon emissions will bring to the UK economy. The action needed to meet the UK’s 4th carbon budget, which will include significant investment in energy efficiency, will deliver 190,000 additional jobs, make households better off financially, provide new business opportunities and result in a net increase in annual Government revenue of £5.7bn by 2030.
ACE has today issued this statement on the overnight closure of the Green Deal Home Improvement Fund. Jenny Holland, Head of ACE’s Parliamentary Team, said: “The runaway success of the Green Deal Home Improvement Fund shows that there is no shortage of householder demand for energy efficiency improvements. However, in the wake of the decimation of ECO and the failure of the Green Deal to generate significant take-up, the last thing the energy efficiency industry needs is this kind of stop-start programme. “As recently as Tuesday DECC announced that they were cutting the cashback for solid wall insulation from £6,000 to £4,000. Three days later – and with no warning – the scheme has been closed completely. This is bad news for an industry that is looking for policy certainty and consistency – not a relentless pattern of peaks and troughs in demand. “To create industry confidence we need long-term policies and programmes that are not chopped and changed from one day to the next. Structural incentives like stamp duty and council tax incentives will help create the certainty for which industry is crying out.” For more information, contact: Jenny Holland, email@example.com, 07875 629781
ACE Research, in partnership with the Energy Saving Trust and Solstice Associates developed a Renewable Heat Incentive calculator for DECC and the Scottish Government. The tool was designed to provide a reliable estimate of the DRHI payments for biomass heating systems, ground and air source heat pumps and solar thermal systems.