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The Low Carbon Economy Ltd

17 Sep 2009 09:09:12

Financial incentives for improved energy efficiency

Financial incentives for improved energy efficiency
Homeowners would be more inclined to improve energy efficiency within their properties if they were given financial incentives.

That is the view of the Federation of Master Builders (FMB), which has called for more focus upon environmental issues in homes.

Speaking at the Westminster Energy, Environment & Transport Forum, Richard Diment, director general of the FMB, said that encouraging the use of low carbon utilities with financial reimbursements could increase interest in going green.

Gordon Miller, founder of whatgreenhome.com, agreed that money is a motivation for environmental change with the "overwhelming majority" of people.

He said: "But if people can see that they will save money on their energy bills, and in doing so reduce CO2 emissions and thus slow climate change, they will act."

Changes in homes such as small scale renewable energy projects need to account for 15 per cent of the UK's annual emissions cuts up to 2020, the Department of Energy and Climate Change has indicated.



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