Future of London Driving Green Deal and Energy Company Obligation uptake in London 7 February 2012
Luke Hildyard Research Associate, Future of London
The Challenge for London 60% CO2 reduction by 2025
Circa 7% reduction from 1990-2009
Eliminate fuel poverty by 2016
13% London households in fuel poverty
Ave SAP rating 80/81 to meet long term CO2 targets
Current Ave SAP rating of 55.1
Green Deal and ECO
Green Deal • Pay-as-you-save ‘charge’ • Attached to property not individual • Market-based • Repayments made via energy bill • Households that fulfill ‘golden rule’ Eligible
ECO: Carbon Saving • Subsidy from energy Companies (govt mandated) • Focus on SWI • Hard-to-treat- homes unable to access green deal eligible • Energy companies encouraged to work with councils
ECO: Affordable Warmth • Subsidy from energy Companies (govt mandated) • focus on basic insulation and heating measures • low-income households in private rented sector eligible • Energy companies encouraged to work with councils
Project themes . ;
How can London Boroughs be Green Deal/ECO friendly?
Utilising policy levers and London Borough ‘assets’
COUNCIL DEPARTMENT S
Community
Engaging the Community Financial partners
Creating favourable financial terms
Research Methodologies • Stakeholder interviews – London Boroughs; private sector; academic/think-tank/voluntary sector • Research seminar series • Project Steering group – Boroughs, GLA, private sector, DECC
Project Outputs • Green Deal/ECO ‘toolkit’ offering guidance for London Boroughs • Identifying reasons for engagement with Green Deal • Outline of the different financial options for Boroughs • Policy recommendations to increase demand • Strategies for engaging with potential Green Deal/ECO customers
Today’s research questions… • What does it mean to be Green Deal/ECO friendly? • What challenges will this entail? • What are the next steps in order to overcome them?
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