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Revolution in green funding needed

Revolution in green funding needed

Rising costs of fuel alongside worries over the impact of climate change should provoke a drastic change in approach to making energy efficiency affordable for homeowners, according to the UK Green Building Council (UKGBC).

A new report by the UKGBC calls on the government to do more to make energy efficiency improvements to some 25 million homes around the UK.

It claims that 27 per cent of UK carbon dioxide emissions are made by homes and that 80 per cent of the homes built by 2050 are already standing.

Paul King, head of the UKGBC, said: "We've been throwing our money out of the window. Spiralling fuel costs and concern about climate change now call for a revolution in attitude and approach."

Among the recommendations for funding energy efficiency measures such as new double glazing windows and energy efficient boilers, is creating a "pay as you save" system.

Under the proposal homeowners would borrow money for improvements which they then pay back as they make savings on their energy bills.

The UK has committed to cutting carbon dioxide emissions by 60 per cent by 2050, though the Committee on Climate Change has called for the target to be raised to 80 per cent.

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