Green Deal to be No Deal, says DECC

Posted: July 23, 2015 by oldbrew in government, Politics

Green dud [credit: Green Deal guide]

Green dud [credit: Green Deal guide]

The ill-fated scheme to lend money to UK homeowners for ‘green’ upgrades at interest rates higher than banks offer, has somehow not worked out, as the BBC reports:

The UK government has announced it is to cease funding for the Green Deal, spelling the end for its flagship energy household efficiency programme. The scheme offers cashbacks and incentives on such things as double-glazing, insulation and boilers.

The Department for Energy and Climate Change said it took the decision to protect taxpayers, citing low take-up and concerns about industry standards. Labour said ministers’ approach to energy efficiency had been a “failure”.

The Department for Energy and Climate Change (Decc) said it would work with the building industry and consumer groups to agree a new “value-for-money approach”.

Future schemes needed to provide better value for money, and support the goal of insulating one million more homes and the government’s commitment to tackle fuel poverty, it said.

The announcement comes a day after the government said it would be consulting on whether to end subsidies for many new solar farms.

‘Value for money’

Announcing an end to future funding of the Green Deal Finance Company, which delivers the scheme, Energy and Climate Change Secretary Amber Rudd said: “We are on the side of hardworking families and businesses – which is why we cannot continue to fund the Green Deal.

“It’s now time for the building industry and consumer groups to work with us to make new policy and build a system that works.

“Together we can achieve this government’s ambition to make homes warmer and drive down bills for one million more homes by 2020 – and to do so at the best value for money for taxpayers.”

Full report: Green Deal funding to end, government announces – BBC News.
The UK public doesn’t fall for such obvious con tricks.

  1. oldbrew says:

    It’s been a bad month for fans of green subsidies 🙂

  2. oldbrew says:

    Climate change debate ‘dictated by left-wing anti-capitalists’, says Amber Rudd

    Climate change secretary says she can understand why people see tackling global warming as “cover for anti-growth, anti-capitalist, proto-socialism”

    Speech due on Friday: ‘Ms Rudd will attack green policies that encourage “permanent reliance on subsidy” and call instead for a market-based approach to dealing with climate change.’

    ‘Dealing with climate change’ is still a joke if they are talking about trying to suppress it, but at least some of the more expensive policies based on fantasy are being tackled.

  3. DB says:

    And from a recent study in Michigan:

    Energy-Efficiency Efforts May Not Pay Off
    But now a paper released by that same institute appears to poke serious holes in EPA’s arguments. Examining a major Michigan weatherization program, the study found that while upgrades reduced consumption by about 10 to 20 percent, the total energy savings generated over a 16-year window amounted to less than half of the initial weatherization costs….“We were surprised, to be perfectly frank,” said co-author Catherine Wolfram, a professor at the University of California, Berkeley’s Haas School of Business….

    The study tracked 30,000 Michigan households that were considered eligible for the federal Weatherization Assistance Program, which provides funding for home energy audits and upgrades like new furnaces and insulation installation….The tracking began in 2011….

    The authors projected their three years of electricity and heating bill data over a 16-year window. “We’re seeing on average $2,400 in avoided energy costs, whereas the cost was [on average] $5,000,” Wolfram said. “That’s really disappointing….

  4. ivan says:

    Now all we need is the removal of the Climate Change Act and the country might be able to start to progress again – also need to remove the albatross of the EU from our necks.