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