UK government Green Deal

UK governmentGreen Deal

The vast majority of the current UK housing stock, according to the government, lacks the necessary energy efficiency that is required of them. Usually draughty, poorly insulated and often leaking unprecedented amounts of energy the UK housing stock must be overhauled radically in order for the government to meet domestic and EU greenhouse gas targets. The Climate change act introduced by the government in 2008 legislates that, compared to 1990, greenhouse gases must be reduced by 34% by 2020 leading to 80% by 2050. The government have identified that in order for the UK to meet these targets there must be substantial changes as to how we view and tackle energy efficiency within the UK. To do this the UK government, in 2012, hope to implement a key part of the Energy Bill 2010-2011 known as the Green Deal.

The Green Deal addresses the primary concern raised by the UK government through reducing demand for energy by cutting waste cost effectively. The Green Deal is envisioned as being a breakthrough in UK legislation, as no other finance structure offering loans has the ability to link them to a property.

The Green Deal, according to the government will allow consumers to plan, assess, fund and install energy efficiency measure within their property. It is hoped that the proposed structure, the Green Deal that is, will encourage consumers to undertake energy efficiency measures and subsequently increase demand throughout length and breadth of the UK.

The Green Deal will require labour, skills and services from a variety of industries within the UK. Domestic energy assessors will be needed to fulfil the role of Green Deal advisors, Trades people to become accredited Green Deal installers and various organisations to provide Green Deal finance.  Through the anticipated dependence on UK industries the UK government hopes that the Green Deal will create and sustain up 100,000 jobs through every stage of the Green Deal.

The Government has outlined that it would like the Green Deal to be available to all tenants within the UK, as well as, business and home owners. The Government would also like to give local authorities across the UK the power to force landlords to conduct all improvements that could be financed, though properties must be underperforming significantly.

The government has established that the Green Deal will not bring savings to disadvantaged households, or those that are ‘fuel poor’. This could be attributed to the fact that disadvantaged households, within the UK, often under heat their homes to minimise the cost of their energy bills. In this instance such households will benefit from a noticeable difference in the ability to heat their homes in the winter.

The Government anticipates that there will be a huge demand throughout the UK for the Green Deal. The government is doing the up most it can in order for the Green Deal to be accessible to as many households, across the UK, as possible. Businesses are also of high priority to the government, within the planned initiative, benefiting from both being included within the Green Deal itself, and taking advantage of the unique financing structure made available to them by the government. Though it has been established that not everyone will benefit financially the government has recognised the real, and immediate, need by these households for improved energy efficiency.