Another one bites the dust
Jul 23, 2015
Bishop Hill in Energy: other, Green jobs

Emily Gosden has posted some more good news this afternoon at the Telegraph

Launched in 2013, the Green Deal was touted as a "revolution" in upgrading Britain’s old and draughty housing stock, designed to encourage millions of households to take out loans to install insulation and new boilers.

But on Thursday, with less than 10,000 loans in place, ministers pulled the plug and acknowledged the scheme would be seen as a "total flop".

The Department of Energy and Climate Change (Decc) said it would provide no further Government funding for the Green Deal Finance Company, which provides the loans, "in light of low take-up and concerns about industry standards". It had so far provided £59 million to the company.

All we need now (well, nearly all) is the end of the Climate Change Act.

TM

Updated 6.18pm

AAAAAGH! Harrabin on BBC Radio 4 PM programme has just declared that the Green Deal would have resulted in a reduced demand for new power stations.

 

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