The scheme, which was originally allocated £1 billion, grants homeowners up to £ 5,000 to fund up to two-thirds of the cost of home energy efficieny improvement such as insulation, double glazed windows, heat pumps and others. (Source: The Construction Index, Nov., 2020)UK Home Energy Efficiency Grants Scheme Extended (Int’l. Report) In the UK, the Green Homes Grant energy efficiency upgrade scheme, which was originally launched in September 2020 for an initial six months, has been extended for an additional 12 months.
The scheme, which was originally allocated £1 billion, grants homeowners up to £ 5,000 to fund up to two-thirds of the cost of home energy efficieny improvement such as insulation, double glazed windows, heat pumps and others. (Source: UK Green Homes Grants, The Construction Index, Nov., 2020) Contact: UK Green Homes Grants, www.gov.uk/guidance/apply-for-the-green-homes-grant-scheme
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BESA and ESTA will retain their independence, but plans for the Energy Efficiency in Buildings Group include a combined newsletter and webinars to share information with a wider audience. The group will also enable the associations to work together on areas such as the Youth Stem Summit and Young People in Engineering, where energy management is a link.
(Source: BESA, Cooling Post, 29 Oct., 2020) Contact: BESA, www.thebesa.org
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Homes with existing insulation or low-carbon heating can apply for funding for "secondary measures" such as draught proofing, double or triple-glazing for windows, energy-efficient doors to replace those installed before 2002, and various heating controls. The vouchers will cover roughly two-thirds of the overall cost for most homeowners, but possibly the entire cost for the lowest-income households.
About half of England's homeowners are already planning to apply, while the real figure could end up being about three quarters, according to the release. (Source: UK Green Homes Program, Yahoo Finance UK, 13 Aug., 2020)
Contact: UK Green Homes Program, www.gov.uk/green-deal-energy-saving-measures
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Previous government-backed green programmes to spur homeowner investment in insulation and other energy-efficiency measures were "shoddily carried out or drew little interest and failed to produce clear energy savings," and have been mostly discontinued, according to a government audit. Now, to revive interest in such efforts and train more people to do the work "we have to do for retrofit what we did about 15 years ago for recycling and waste." About 430,000 new workers are needed to deliver "anything like the level of retrofits that will be required", according to Paul Toyne of the London Sustainable Development Commission.
The UK Green Building Council (UKGBC) notes the government is looking at whether a home energy-efficiency push should be part of the package of COVID-19 pandemic recovery spending.
Energy efficiency retrofitting work could be pushed forward by measures such as lower property transfer taxes on energy efficient homes and issuing green bonds to fund retraining in retrofitting skills for workers left jobless by the COVID-19 crisis, according to Green Finance Institute director Emma Harvey. (Source: London Sustainable Development Commission, Business Times, Reuters, 4 July, 2020)
Contact: London Sustainable Development Commission, www.london.gov.uk/about-us/organisations-we-work/london-sustainable-development-commission; UK Green Building Council, John Alker, Policy Director, www.ukgbc.org
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the company has already completed around 70 installations in one high-rise apartment building and is currently working on a number of flats before beginning work on individual homes.
(Source: Business Up North, 29 Aug., 2019)Contact: Oakes Energy Services, +44 1429 837662, www.oakesenergy.co.uk; Together Housing, www.togetherhousing.co.uk
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Earth Capital's Nobel Sustainability Fund was invested in UKEEI alongside the Green Investment Bank, Earth Capital investee SDCL EEco (SDCL), the European Investment Bank and other institutional LPs.
Earth Capital made a series of pioneering investments in the UK Energy Efficiency market including LED lighting, Combined Heat and Power and biomass heat. Companies in the UK benefiting from the Fund's investment include Santander Bank, Citigroup, Moy Park, NCP, and St Bartholomew's Hospital, all of which had energy efficient products installed by the Fund.
(Source: Earth Capital, Private Equity Wire, 7 2019) Contact: Nobel Sustainability Growth Fund, Earth Capital UK Ltd., Gordon Power, CEO, firstname.lastname@example.org,
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The SEEIT fund is hoping to capture the move towards carbon footprint reduction and decentralized energy generation.
SEEIT is targeting £150 million and a total return of 7 pct to 8 pct per year, with a targeted initial dividend yield of 5 pct , rising to 5.5 pct in the year ending March 2021.
(Source: SEEIT, Energy Voice, Dec. 11, 2018) Contact: SEEIT, Jonathan Maxwell, CEO, +44 (0) 207 287 7700, Fax - +44 (0) 207 806 8100, email@example.com, www.sdcl-ib.com
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The CRC is a mandatory carbon emissions trading scheme that applies to large UK business and public organizations. The CRC was aimed at increasing energy efficiency and reducing carbon emissions from large non-intensive energy users that, over the course of a year, used more than 6,000 megawatt-hours (MWh) of certain electricity and had at least one half-hourly meter settled on the half-hourly electricity market. Under the CRC, participant organization were required to: collate information and report on its energy supplies; purchase and surrender allowances equal to the CO2 emissions it generated; advise the Environment Agency on changes that could affect that organisation's registration; and maintaine a record of its energy consumption and supplies.
The CRC scheme was widely criticized for adding an administrative burden to non-energy intensive companies such as large offices and hotels.
The Climate Change Levy (CCL) will be increased from April 2019 to compensate and to "cover the cost of CRC abolition in a fiscally-neutral reform." (Source: Latham & Watkins LLP, Blog, 30 July, 2018) Contact: Latham & Watkins LLP, www.lw.com
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To support innovation in energy efficient technologies, the government will be investing up to £9.2 million for an Industrial Energy Efficiency Accelerator, to be delivered over the next 4 years. This Accelerator will seek industry-specific solutions that are close to commercialization by leveraging private sector investment and strengthening UK supply chains to reduce energy costs for UK industry.
After a competitive process, the Carbon Trust has been awarded the contract to help BEIS deliver this programme. The Carbon Trust has been holding events to engage with both industry and their suppliers, and the competition is now open to applications.
BEIS recently committed £560,000 to 2 projects in the first round of the Industrial Energy Efficiency Accelerator (IEEA). The IEEA aims to broaden the range of technologies available for industrial energy efficiency. (Source: GOV.UK, Devdiscourse, 14 June, 2018)Contact: BEIS, https://itportal.beis.gov.uk
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The Prime Minister
noted that her government's Industrial Strategy would act as a "catalyst for new technologies" that could then be exported to a "global market for clean technologies."
The strategy aims to achieve net zero carbon from 2030, as well as set long-term incentives for retrofitting homes and commercial buildings. (Source: edie, Various Other Media, May, 2018)
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According to the UK Green Building Council (UKGBC), there is wide consensus on the role the built environment plays in the UK's carbon emissions and the UKGBC is looking to Government to provide policy certainty in order to drive investment and innovation.
Download the building industry group letter HERE. (Source: Europe Carbon Reduction, UK GBC, Climate Action Program, 27 Mar., 2018) Contact: UKGBC, Julie Hirigoyen , CEO, +44 (0) 20 7550 0625, firstname.lastname@example.org, www.ukgbc.org
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