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The Low Carbon Economy Ltd

04 Dec 2008 05:12:50

Households could get EU energy efficiency help



Households could get EU energy efficiency help
Individual households could get funds for improving their energy efficiency and installing renewable energy devices under a proposal adopted by the European Commission.

Funds from the European Cohesion Policy have previously been reserved for public areas and social housing but the proposal could free funds for all low income residential buildings.

The proposal, which must be approved by the European Parliament and the Council of Ministers to be adopted, would tackle various issues, according to commissioners.

As well as reducing energy costs, it would cut carbon emissions, help towards energy independence and stimulate the economy.

Danuta Hubner, commissioner for regional policy, said: "This is a win-win measure. It will save energy, cut emissions, bring down fuel bills for the most vulnerable in society and help the construction industry and small and medium-sized enterprises in particular. We hope that the Council and the European Parliament will adopt this proposal without delay and that Member States will move quickly to set up schemes to harness this investment."

The proposal follows Gordon Brown's creation of a £910 million package to reduce the impact of rising energy prices.

Under his scheme all homes are to receive free or half price insulation.

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