23 Dec 2010 09:12:05
Energy Bill would "stimulate innovation"
The government's Energy Bill has received an unopposed second reading in the House of Lords.
Published in parliament on December 9th, the bill lays out wide-ranging measures to boost the generation of low carbon electricity and security of supply in the UK.
Energy and climate change minister Lord Marland said during the reading the bill would place an obligation on energy companies to cut their carbon emissions, the Press Association reports.
Commenting on the Green Deal, Lord Marland was reported as saying: "The Green Deal will help reduce energy bills for the long term and make our houses more energy efficient."
He also highlighted the measures put in place which would mean the cost of energy-efficient improvements installed under the scheme would not exceed the savings made on energy bills.
Lord Marland said the bill would "stimulate innovation, competition and the supply chain".
The Department of Energy and Climate Change has previously said the number of people employed in the insulation sector alone could increase from 27,000 today to 100,000 in 2015 under the Green Deal.