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Energy efficiency in buildings: England launches the Green Deal
A long-term loan to finance energy efficiency interventions for buildings, the installments will be paid directly in the bill and will correspond to the savings achieved through the reduction in consumption.
Interventions for energy efficiency financed by private and public funds, the cost will return directly by savings in the bill.
England began on 28 January, the Green Deal, an important initiative decided by the British government, which wants to reach the ambitious targets fixed by the EU: reduce emissions. The measure, put in place thanks to 700 million € distributed by Brussels, is directed to energy efficiency in buildings and will help individual users (citizens and businesses) to finance energy requalification.
The British initiative promises a kind of green revolution in the construction industry, as the measures for energy efficiency will not be paid directly by citizens, but will be anticipated by public and private funds: the payment by the citizen will be paid through the energy bill.
Also the financing is innovative: it will be bond to the building and not to its tenants. This means that in case of house change, the payment will automatically pass to the bill of the new tenants. For the first time also the tenants will be involved.
As explained on this website, the citizen may request an energy audit of the building to an independent body: the tenant can chose the most appropriate intervention proposed by a Green Deal provider. The cost of the intervention will be anticipated and the final cost will return thanks to the money saved in the bill with a long-term contract, between 10 and 25 years.
The interventions provided through the Green Deal will reduce energy consumption for more than 680 thousand homes, as valued by the Department of Energy and Climate Change, DECC, generating 14 billion Pounds of investment and creating more than 60 thousand new jobs within 2015.
The Green Deal had also the endorsement by the European Commission, as confirmed by Joaquín Almunia, Vice-President of the Commission: "The UK Green Deal allows consumers and businesses to improve the energy efficiency of their buildings without starting investments. This is another example of how our control policy of States aid, can support private investment in energy saving and, at the same time, increase competition.
England began on 28 January, the Green Deal, an important initiative decided by the British government, which wants to reach the ambitious targets fixed by the EU: reduce emissions. The measure, put in place thanks to 700 million € distributed by Brussels, is directed to energy efficiency in buildings and will help individual users (citizens and businesses) to finance energy requalification.
The British initiative promises a kind of green revolution in the construction industry, as the measures for energy efficiency will not be paid directly by citizens, but will be anticipated by public and private funds: the payment by the citizen will be paid through the energy bill.
Also the financing is innovative: it will be bond to the building and not to its tenants. This means that in case of house change, the payment will automatically pass to the bill of the new tenants. For the first time also the tenants will be involved.
The Green Deal stage
As explained on this website, the citizen may request an energy audit of the building to an independent body: the tenant can chose the most appropriate intervention proposed by a Green Deal provider. The cost of the intervention will be anticipated and the final cost will return thanks to the money saved in the bill with a long-term contract, between 10 and 25 years.
The Green Deal will bring new jobs and great investments
The interventions provided through the Green Deal will reduce energy consumption for more than 680 thousand homes, as valued by the Department of Energy and Climate Change, DECC, generating 14 billion Pounds of investment and creating more than 60 thousand new jobs within 2015.
The Green Deal had also the endorsement by the European Commission, as confirmed by Joaquín Almunia, Vice-President of the Commission: "The UK Green Deal allows consumers and businesses to improve the energy efficiency of their buildings without starting investments. This is another example of how our control policy of States aid, can support private investment in energy saving and, at the same time, increase competition.
