The Green Deal is the Government’s flagship policy to encourage a step change in retrofit activity across all types of buildings.
The objective is to deliver significant reductions in CO2 emissions from existing buildings, and the intention is to leverage around £7 billion of private funding. The Green Deal is a market mechanism, not a grant scheme, but it will be supported by the Energy Company Obligation (ECO) which is a grant scheme and which will replace CERT and CESP with similar levels of funding (£1.3 billion a year).
The Green Deal is potentially important to social landlords for several reasons:
Final consultation on the Green Deal closed in January 2012, and the Government are expected to announce its final form in late Spring, for implementation from October 2012. This briefing note is based on the consultation proposals, and on-going informal discussions with DECC and should be read in that context.
Read the full viewpoint here.