Magazine article Public Finance

Homes Need More Help to Save Energy

Magazine article Public Finance

Homes Need More Help to Save Energy

Article excerpt

Homeowners and landlords need more incentives to ensure existing homes are as energy-efficient as new housing, the UK Green Building Council said this week.

By encouraging all homes to become greener, the government could significantly reduce carbon emissions for the country as a whole and help revive the flagging construction industry, according to the report.

More than a quarter (27%) of carbon emissions emanate from the home. Although ministers want all new housing to meet zerocarbon standards by 2016, it is estimated that 80% of the homes that will be standing in 2050 have already been built

The report, published on October 13, calls for mandatory requirements to upgrade the energy performance of existing homes. It suggests that the government should set a long-term carbon reduction target for households of at least 80% by 2050. …

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