The Green Deal Flashcards
What is it?
A household efficiency programme that was set up in 2012.
What would householders do under the Green Deal?
Householders in England and Wales undertake energy improvements like insulation and boiler with no upfront cost.
What does the scheme offer?
The scheme offers cashbacks and incentivise on such things as double-glazing, insulation and boilers.
What happened in 2015 with the Green Deal, and why?
It ended in 2015, as George Osborn sold the Green Deal Finance Company in an attempt to reduce government debt.
Why was the Green Deal introduced?
The UK has some of the worst insulated housing stock in Europe, and saving energy is by far the cheapest way of the UK cutting carbon emission and bringing people out of fuel poverty.
What was the expectation of the Green Deal?
It had expected to deliver around £300 million of financing for Green Deal Plans before 2014.
Achievement of the Green Deal
Provided £50m in 14,00 loans to households to boost energy efficiency, which was far less than the £1.1bn predicted by the government, with each loan costing taxpayers £17,00.
What is the positive aspect of the Green Deal
Under the scheme, householders can use cheap long-term loans to make their homes more energy efficient and cut bills with no upfront cost.
Negatives of the Green Deal
• Firms
It will create huge uncertainty for firms while the government works out what the replacement policy should be.
Negatives of the Green Deal
• Complication
It was complicated and low on take-up, with only 1,754 householders signing up to the scheme.
Negatives of the Green Deal
• Marketing
The marketing focused on the financial benefits of installing energy-efficiency measures, rather than emphasising the comfort of having a well-insulated, energy-efficient home, which may have interested more people.
What does the Labour Party think about the Green Deal?
• Caroline Flint
Former shadow energy secretary, Caroline Flint described the green deal as, ‘woefully inadequate’.
What did Ed Miliband think about the Green Deal?
Ed Miliband promised to freeze energy bills in the run up to the Election in 2013. Therefore, Labour would scrap the green deal.
What is the general feeling towards the Green Deal?
All the main political parties agree cutting energy demand is crucial to keeping down and cutting the carbon emissions that drive climate change.
