Nearly 35 businesses, councils, green groups, and social justice charities have today called on the government to make energy efficiency in homes and infrastructure a national investment priority, stressing the UK’s 2050 net zero target “can only be achieved with a major reduction in energy demand”. Published today, the ‘Energy Efficiency First’ Declaration argues additional annual public capital investment of at least £1bn is needed for the next 15 years to ensure the UK’s climate change goals are met. It adds that fuel poor homes should be given first priority as investment in green improvements increases. Signatories to the Declaration – which include leading figures from energy giant E.ON, Britain’s largest business body the CBI, Hermes Investment Management, and green think tank E3G – point to “huge potential” to reduce energy demand in UK homes by at least a quarter, which they say would equate to the same power output as six nuclear plants of the size of Hinkley Point C.
Business Green 11th Oct 2019 read more »