Labour to fund energy-saving upgrades with £60bn

Jeremy Corbyn the leader of the opposition party in UK Labour pledge to cut UK carbon emissions by 10% through the largest home improvement programme for decades.

He said a Labour government would fund £60bn of energy-saving upgrades, such as loft insulation, enhanced double glazing and new heating systems, by 2030.

 

Launching the policy on Sunday, Jeremy Corbyn said it “will create a sustainable energy network”, adding: “We cannot go on polluting our planet.”

The Conservatives said the plan would “wreck the economy” and “put up bills”.

Speaking about the policy – called “Warm Homes for All” – in south-west London, Mr Corbyn said that climate change would be a major part of the party’s election campaign.

“We cannot go on standing by while climate warming increases,” the Labour leader said.

Labour says low-income households will receive a grant to carry out the work on their homes, while wealthier households would receive interest-free loans for enhancements.

 

Households which take out the loan would pay it back through savings on energy bills, the party added.

Labour expects the project to cost £250bn – an average of £9,300 per home – but only £60bn would come as a cost to central government, it says.

Source: BBC News

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denecoblog

I am a Property/Energy Consultant TA DenEco Consultancy - www.deneco.co.uk: A friendly, energetic and adaptable individual with keen interest and aptitude for learning and motivating others, with great academic skills and work experience in both Life science and Environmental Management, seeking an opportunity to use his proven flair for teamwork and creativity in Property Purchase, Energy Efficiency, Environmental management for sustainable development and growth in any related sector or industry. I help individuals, businesses, SMEs and corporate clients save or make money in regards to Property investment, energy efficiency, environmental management solutions. The foundation of my experience is environmental protection. I have a passion for helping people, businesses and corporate organization achieve their dream through Property Investment and become more efficient and effective in their energy, and environmental management. I get satisfaction from knowing that the work am doing is helping make/save money and the environment.  Contact us @ www.deneco.co.uk Outside of work you can find me spending time with family, studying and researching for new opportunities and continuous development. Specialties: Property Investment, EPC provider, Energy Efficiency, Environmental  management.

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