Make all homes energy efficient by 2035
A new report by Frontier Economics recommends a Building Energy Infrastructure Programme to achieve major energy savings in people’s homes in the UK.
The Report suggests a coherent programme of action and includes the following key recommendations:
- A target for all homes to be brought up to an energy performance rating of C (on the A to G scale) by 2035, with all low-income households achieving a C rating by 2030
- A requirement for new homes to be constructed to a zero-carbon standard by 2020
- Subsidies for all low-income home-owners to make energy efficiency renovations to their properties
- A demonstrator programme to test the most attractive schemes to unlock ‘able-to-pay households’ investment in energy saving renovations, including zero interest loans, low interest equity loans you don’t have to pay back until a home is sold and salary sacrifice schemes like those for childcare vouchers
- Changes to Stamp Duty to encourage renovations when people move home
- Tax allowances for private landlords and 50% subsidies for social landlords to undertake energy efficiency renovations
Frontier Chairman, Gus O’Donnell said “In a world where it is difficult to guarantee getting a return above inflation on any investment, it makes sense to invest in improving the energy efficiency of your home. This cuts bills, allowing you to stay warm and help tackle climate change. Government needs to do more to encourage this investment and this report provides a programme of practical proposals on how they can do it”.
Stuart Fairlie Technical Director at Elmhurst Energy comments:“We welcome the report and are pleased to see that the key recommendations make sense. The recommendations presented within this report supports what we have been promoting for over 20 years. The Report notes that the Governments own advisors are seeing the ageing housing stockas the biggest obstacle to meeting the UKs climate change targets. As we at Elmhurst have highlighted the link to peoples health and comfort is equally as important. The report again criticises the stop start nature of Government policy in this area over the years; it suggests that a national infrastructure programme is required, if we as a nation are to make people’s homes warmer and cheaper to run as well as meet our international climate commitments.”
To read the full report:
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