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.