UK Lags Behind Europe on Energy Efficiency Funding
By Vern Pitt
The UK is lagging behind other European nations by not using the £60bn it is expected to collect from European carbon taxes over the next fifteen years to insulate homes, a report has concluded.
The report by campaign group Energy Bill Revolution, which includes contractors Mark Group, Gentoo and trade body the Federation of Master Builders, said redirecting carbon tax cash into insulating homes would deliver substantial improvements to the housing stock.
The government collects two major carbon taxes, the European Emissions Trading Scheme -whereby companies buy allowances from the government for the carbon they emit – and the Carbon Floor Price, which is a tax on carbon intensive industries.
The report found that nine other European countries, including Germany, France and Lithuania, have so far committed to use the revenues from the schemes to fund energy efficiency programmes, but the UK has not.
By posting your comment, you agree to abide by our Posting rules