Thursday, 23 September 2010

UK Government Green Deal Could Create 250,000 jobs: Energy Secretary

The UK government said Tuesday its projected £7 billion/year Green Deal
investment program to improve energy efficiency
in the country's homes and small
business premises could eventually support up to 250,000 jobs should it be
taken up by all of the nation's households over the next 20 years. "The Green Deal is a massive new business opportunity which has the
potential to support up to a quarter of a million jobs as part of our third
industrial revolution. Insulation installers and the supply chain all stand
to benefit from this long overdue energy makeover," said Liberal Democrat
coalition government energy minister Chris Huhne.

According to Huhne's DECC department, the Green Deal will be a new and
radical way of making energy efficiency affordable for all, regardless of
whether people own or rent their property.

"The upfront finance will be attached to the building's energy meter. People
can pay back over time with the repayments less than the savings on bills,
meaning many would benefit from day one. It will help save carbon, energy
and money off fuel bills," said a DECC statement.
Government estimates suggest there are currently 27,000 people working in
the UK's home energy efficiency sector. Tuesday's statement was the
government's first call on the potential employment impact of the scheme
which it described as being an exercise in "working all around the country
to make our housing stock fit for a low carbon world."
"Energy efficiency is a no brainer. We need to tap in to this huge market to
save people money on fuel bills, save carbon and help the economic
recovery," said Huhne.

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