Improving energy efficiency of UK homes could save £4.95 billion a year in energy costs and lift millions out of fuel poverty

BIG BOOST IN ENERGY EFFICIENCY INVESTMENT TO SAVE UK HOUSEHOLDS £4.95Bn A YEAR New research by Cambridge Econometrics reveals huge economic benefits of a radical home Energy Efficiency Programme Improving our ageing housing stock would create:) 108,000 more JOBS in the UK 12 3 4 5 16 MILLION warm homes by 2025 £4.95Bn savings in HOME ENERGY BILLS per year LOWER ENERGY BILL £3.20 GDP return per £1 invested by government £l invested by government £1.27 in TAX REVENUE per £1 25% less FOREIGN GAS IMPORTS VALUE FOR MON Y 1 2.27 In HM Treasury's language: This scheme has a cost to benefit ratio of 1:2.27 and would be classified as a High Value for Money infrastructure programme. THE EFFICIENCY CYCLE Energy efficient homes create bill savings that grow local economies increasing tax revenues that drive further efficiencies Energy Efficiency Bill savings & jobs Increased tax 「 国 : revenue Local economy growth BUT WE'RE HEADING IN THE WRONG DIRECTION Buildings are responsible for of UK CO, 37% emissions Yet insulation installs are down in 2013 compared to 2012! 100% 70% 50% 54% 13% 0% Cavity wall Loft Solid wall This fall was due to the end of the Carbon Emissions Reduction Target (CERT) at the end of 2012 We need a cross party manifesto commitment MAKE HOME ENERGY EFFICIENCY A UK INFRASTRUCTURE PRIORITY KINE2600ILL - V1014 All figures taken from Building the Future: Economic and fiscal impacts of making homes energy efficient Pratima Washan, Jon Stenning, Max Goodman Cambridge Econometrics October 2014 KNAUFINSULATION its time to save enengy