05 Mar '12, 5am

UK Looks to US for Green Deal Partners, Suppliers

UK Looks to US for Green Deal Partners, Suppliers

In October, the United Kingdom will embark on a national program to make millions of homes and businesses more energy efficient. Until then, officials are busy educating the British public about the Green Deal—a program giving people access to funding for energy efficiency upgrades at no up-front cost—and answering queries from foreign businesses and policymakers about the novel new funding mechanism, and the economic opportunity it creates. The business angle Articulated in the The Energy Act of 2011 , the Green Deal aims to retrofit 14 million British homes and businesses by 2020 and another 12 million by 2030. The means for reaching this goal is a financing mechanism for property owners and tenants to make energy efficiency improvements at no up-front cost and pay them off gradually via the energy bill. The Green Deal will allow ratepayers to borrow up to £10,000 ($15,8...

Full article: http://earthandindustry.com/2012/03/uk-looks-to-us-for-gr...

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