Cameron pledges to invest Â£20bn in green homes
A Conservative government would from “day one” kick-start £20bn of investment to make millions of homes more energy-efficient, said David Cameron recently.
The initiative, which would be run in partnership with retail giants, was announced in an interview with The Guardian and coincided with a critical stage in the Copenhagen summit.
Cameron said that he had already signed up the mayor of London, Boris Johnson, for the scheme, which would tackle more than 30 per cent of UK carbon emissions by offering six million households the chance to get £6,500 worth of energy-efficient measures.
The leader of the Conservative Party described the idea as a “localist green revolution” and an alternative to what he sees as a top-down climate change agenda “limited to well-suited politicians stepping out of aeroplanes on to tarmacs”.
Cameron’s plans for investment in energy efficiency are part of a strategy to make environmentalism relevant. Companies such as Tesco would lag lofts and insulate walls, then share the resulting savings in electricity bills with householders over a minimum of 15-20 years. In turn, the councils that have struck deals with the Tories would identify the streets most in need of help.
A household with the most basic package of measures could expect to see savings of £360 a year on its heating bills, with an energy-efficiency provider putting in an initial investment of £1,500.
Cameron added: “I want to launch this from day one of a Conservative government, with councils actually going house to house, street to street, to identify the areas, the homes and the people that would most benefit and would get on with doing most quickly”.