The recycling of carbon revenues could enhance these policies, potentially bringing nine out of ten households out of fuel poverty. Alternatively, it could halve the numbers of homes in fuel poverty and fuel poverty proof up to a third of the non-fuel poor homes by bringing them up to current new build standards.
Camco projections suggest that on average the Government will raise £4 billion a year over the next 15 years in carbon revenues from the EU Emissions Trading Scheme and the Carbon Price Floor mechanism.
The Energy Bill Revolution Report was commissioned by Transform UK, the Co-operative Group and Consumer Focus. The campaign has already gained the support of a number of charities, consumer groups, unions and businesses including Asda, IKEA, Kingfisher, Association for the Conservation of Energy, End Fuel Poverty Coalition, National Energy Action, Existing Homes Alliance, Consumer Focus, The Green Building Council, The Co-operative Group, Greenpeace, Friends of the Earth, Green Alliance and WWF among others.
Further information about the campaign, the report and an executive summary can be found at www.energybillrevolution.org
This is the most comprehensive analysis to date of carbon revenue expectations, Green Deal/ECO opportunities and fuel poverty alleviation potential across the UK. Our analysis has given us a unique insight into the locations, property types and technologies where Green Deal will be financially viable. This enables us to advise our clients on how best to engage with the new policy and their own opportunities to reduce CO2 emissions and energy bills.
To find out more about the research, Green Deal/ECO opportunities you should be aware of and how Verco can provide advice for your organisation’s needs, please contact Duncan Price or Pratima Washan
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