£2billion in green home grants
by Lizi Greenhill
What's Going On Here?
Hundreds of thousands of homeowners will receive vouchers for energy-saving home improvements in England, with the poorest getting up to £10,000.
What Does This Mean?
A £2bn grant scheme has been announced as part of a wider £3bn “green investment” package announced in the chancellor’s summer statement yesterday.
Responding to the initial reports, Julie Hirigoyen, chief executive at UK Green Building Council (UKGBC) said:
“This announcement of £3bn is a welcome first step.But it is essential that the funding announced this week is not just another one-off that creates boom and bust in the energy efficiency industry.”
It barely scratches the surface only reaching 650,000 homes when two thirds of UK homes fail on energy efficiency targets. We sure hope there is more to come... where’s the £9.2 billion for energy efficiency pledged in the Conservative manifesto for public buildings and low income homes?
Why Should We Care?
Buildings are a large part of our environmental footprint. In 2019, the residential sector emitted 65.2 MtCO2, accounting for 19% of all carbon dioxide emissions in the UK.
The Committee on Climate Change explained that these residential emissions need to fall by at least 24% by 2030 from 1990 levels, but are currently off track.
Without getting too technical, retrofitting homes isn’t just about energy savings. Improving the quality of existing housing stock (29 million UK homes) would also:
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