Green Deal at the Eco Technology Show
The Eco Technology Show was held earlier this year on 14th-15th June at the Amex Stadium in Brighton. The show is a national showcase of the latest technologies to protect the environment and make our business and home lives more efficient and sustainable.
The show was supported by Government with local Green MP, Caroline Lucas, Energy Minister, Greg Barker, and Transport Minister, Norman Baker in attendance, presenting seminars and engaging in panel discussions on eco-technology topics.
Phlorum Director, Dr Paul Beckett, put a question on the Green Deal to the Energy Minister, Greg Barker, who has been instrumental in putting together this important scheme to improve the energy efficiency of UK homes. The Green Deal features an innovative financial mechanism that eliminates the need to pay upfront for energy efficiency measures and instead allows the cost of the measures to be covered by savings on domestic electricity bills.
A significant criticism of the Green Deal has been that some measures for insulating old, solid-walled buildings are too expensive for savings to effectively pay back the installation costs over a reasonable period of time. This point was put to the minister by Paul, which is shown in the video clip below.
In answering the question we think that the minister was trying to say that the cost of energy efficiency measures will reduce with time as the market providing them matures, and it will be helped to do this with the aid of Government subsidies focusing on those in fuel-poverty. However, that’s not particularly clear from the video clip…