02 Jul '12, 11am

Labour

Labour has today called on the government to rethink how loans are issued for the soon-to-be-launched Green Deal energy efficiency scheme, warning high interest rates could undermine the effectiveness of the innovative financing scheme. Under the Green Deal scheme, households and businesses will from October be able to undertake energy efficiency improvements to their properties at no upfront cost and then pay for the work through a levy on their energy bills. FURTHER READING Government mulls Green Deal cashback offer Green Deal to be open to businesses from day one The coalition intends for the scheme to comply with a so-called "golden rule" that ensures that the levy repayments are less than the savings on energy bills delivered as a result of the efficiency improvements, meaning people will be better off. But with MPs today preparing to vote on the last round of legisla...

Full article: http://www.businessgreen.com/bg/news/2188479/labour-raise...

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