Business groups are urging the chancellor, Rishi Sunak, to keep funding home insulation and other low-carbon measures under the green homes grant, which is under threat from cuts. They warned that moves to reduce the amount of money paid out under the scheme, or abandon it altogether, would make it harder to reach the government’s target of net zero emissions by 2050, and damage the UK’s credibility as host nation of this year’s Cop26 UN climate summit and president of the G7 group of rich nations. More than 25 organisations, including the CBI employers’ association, Energy UK which represents energy suppliers, and the Royal Institute of British Architects, signed the letter organised by the Energy Efficiency Infrastructure Group. They said an effective home efficiency programme would support nearly 200,000 jobs by 2030, and the resulting cost savings to households would amount to £7.5bn a year. The £1.5bn green homes grant was the flagship policy unveiled last year as part of the government’s pledge to “build back better” after the coronavirus crisis. Under the scheme, homeowners receive subsidies covering up to two-thirds of the cost of new insulation, heat pumps or other low-carbon improvements. More than 100,000 people have applied for the grants since the launch last September.
Guardian 22nd Feb 2021 read more »