Thursday 1 December 2011

Rental Sector Welcomes Green Deal

EAToday - December 2011

New incentives such as £150 to consumers who take up the Green Deal scheme are to be announced, with more sweeteners to be unveiled in a matter of weeks.

Energy secretary Chris Huhne says the impact of the Green Deal will be to drive down household fuel bills by 7percent, or £94, by 2020. He said: “Britains homes will be cheaper to heat and to light than if we did nothing in this parliament and in the longer term.”

The providers will be able to apply for an Energy Company Obligation subsidy where applicable to allow them to supply products that would not otherwise meet the golden rule on repayments. Instances where this will occur would typically be on older terrace properties with single brick skin construction that makes it impossible for cavity wall insulation in other words, many classic rental properties.

Energy Company Obligation funding will be open to private landlords whose tenants will be responsible for repaying the Green Deal costs through their utility bills but will exclude social housing.

David Salusbury, chairman of the National Landlords Association, said: The Green Deal represents a good opportunity for landlords and home owners to increase the energy efficiency of their properties. By enabling landlords to make necessary improvements at no direct cost, it overcomes the obstacles which have constrained previous initiatives, at the same time offering a real benefit to households.

A recent survey by the NLA found that over two-thirds of landlords would consider taking advantage of the Green Deal.It is our aim to support landlords through this process.

The Government has worked to engage with all stakeholders in order to come up with a proposal which we believe has the potential to work for the private rented sector. We look forward to continuing to work with government to bring about energy-saving improvements.”

Peter Bolton King, chief executive of the NAEA and ARLA, said: The NAEA and ARLA have been working closely with the Department for Energy and Climate Change on the detail of the Green Deal policy.

For the Green Deal to work it needs to be easy to implement and clear, so that tenants and prospective home buyers have the information they need when buying or renting a new home.

We look forward to examining the full detail of the consultation, and will be responding to the Government in due course.

Tuesday 1 November 2011

Homes and Economy to Benefit From Energy and Climate Policies Chris Huhne

DECC - November 2011

£14 billion worth of private sector investment in home energy improvements over the next decade will help insulate households from rising global energy prices and create thousands of jobs in the British insulation and construction sector, Chris Huhne said today.

A consultation on the Green Deal, which will provide home energy saving upgrades to householders at no upfront cost, was published as part of the Energy and Climate Change Secretary's Annual Energy Statement to Parliament. He also published a new government analysis showing that homes will on average be cheaper to heat and light in future than if the Government was not pursuing policies to keep the lights on and emissions down.

Chris Huhne,Energy and Climate Change Secretary, said:

The Green Deal is about putting energy consumers back in control of their bills and banishing Britain's draughty homes to the history books. By stimulating billions of pounds of private sector investment, the Green Deal will revolutionise the way that we keep our homes warm, making them cosier, more efficient - and all at no upfront cost.

The Green Deal is also a massive business opportunity for firms up and down Britain, helping to power the economy and creating jobs. From one-man bands and local authorities, to the big supermarkets and DIY stores, we want as many providers getting involved as possible because that's what will give consumers the best deal.

I want to insulate Britain's homes not just from the cold weather, but also from the chill winds of global fossil fuel prices. It's these that are pushing up consumer energy prices, and it's why our balanced package of policies aimed at achieving energy savings and shifting to more home grown alternatives is the right one for the economy and all of us who pay energy bills.

There are certainly costs to replacing our ageing energy infrastructure with modern, clean power stations, and we take very seriously any impact of our policies on what consumers and businesses pay. We've repeatedly taken steps to reduce this - by removing some planned levies on bills and making others more cost effective and within budget.

But a crucial and too often ignored priority of our whole strategy is to reduce the amount of energy we use in our homes.

The Facts and Framework

The Green Deal framework will be launched from October 2012. This month's consultation outlines the followingthree big benefits of the ground-breaking scheme - and asks for comments from industry and the public:
  • Every British home and business will be able to install packages of energy-saving technologies such as insulation at no upfront cost, making their property warmer and cosier straight away,with repayments made over time out of the energy savings. Strict standards will be put in place to prevent consumers being ripped off by cowboys.
  • A new requirement on energy companies to provide £1.3 billion a year to ensure everyone is able to benefit from the Green Deal - no matter their income or the type of house they live in. Additional help will be available to ensure the fuel poor get better boilers and fix draughty homes, while subsidy will also be provided to help tackle homes that are hard to insulate“includingsolid wall homes.
  • The Green Deal is expected to kick start around £14 billion of private sector investment over the next decade
Up to £150 in cash back could be available for homes taking out a Green Deal - to be funded through private sector Green Deal finance as part of efforts to make the Green Deal as attractive as possible.

Separately, the Chancellor announced in Budget 2011 that the Government is committed to the success of the Green Deal and will act to encourage and incentivise take-up sothe Green Deal will appeal to households, businesses and prospective providers alike, before it is introduced in 2012.

The Green Deal - Impacts on Energy and Climate

The annual estimate of the impacts of energy and climate change policies on energy prices and bills, published this month, shows:
  • By the end of 2011 household electricity prices will have increased by around 16% and household gas prices by 25% since the start of the year. This has been due mostly to global fossil fuel prices. Over the past year alone the global gas price increased by nearly 40%. Many experts expect global fossil fuel prices to continue to rise over the medium- and long term, meaning energy bills are likely to increase with or without policies.
  • Government policies currently account for around 7% of an average household energy bill and have contributed very little to these recent price increases. In fact, accounting for the efficiency savings policiesalready delivered, the average household energy bill in 2011 is only 2% higher than it would have been if these policies were never introduced.
  • In 2020 the average household bill will be 7%, or £94, lower than if the Government was not pursuing policies to achieve energy savings and incentivise the shift from fossil fuels to alternatives.A net saving will start to kick in from around 2013 and, over the remaining lifetime of this Parliament, average household bills will be lower than they otherwise would be,as a result of energy and climate policies. This assumes a central gas price estimate of nearly 70p/therm in 2020. If the gas price was to be higher, householders would be even better off.
  • Government policies will enable more of the most vulnerable to heat their homes more affordably, as they will receive extra help through the new Warm Home Discount, existing energy efficiency schemes andthe Energy Company Obligation announced today.

Thursday 22 September 2011

UK Government earmarks £35m for energy efficiency measures

energy efficiency news - 22nd Sept 2011

Innovative measure that cut the costs of energy saving and reducing carbon emissions for homes and businesses are to get a £35m boost, UK energy secretary Chris Huhne announced yesterday.

In the spending review last year, the government earmarked more than £200m for low carbon technologies over the next four years.

A £35m share of that pot is now going to be devoted to reducing carbon emissions from buildings
Details of where and how the funding will be allocated to reduce costs of energy saving in domestic and non-domestic buildings will be announced later in the year.

Meanwhile, a new energy efficiency deployment office will be established within the Department on Energy and Climate Change (DECC) to create an energy efficiency strategy and strong programme management.

The office will have its own chair and director like similar offices for renewable energy, carbon capture and storage and nuclear power.

Landlords eying up UK Government's Green Deal

energy efficiency news - 22nd September 2011

Two thirds of the UK's private landlords are eying up the opportunities presented by the Governments forthcoming Green Deal, according to a survey.

The coalition Governments Green Deal which is in the report stage in parliament as part of the energy bill, will allow the costs of improving the energy efficiency of properties to be paid for out of the savings to energy bills.

The National Landlords Association (NLA) reports that 24% of the landlords it surveyed are planning to take advantage of the Green Deal, with a further 38% saying the would consider taking advantage of loans to make energy efficiency improvements to their properties.

The Green Deal is likely to be open to property owners from October 2012 and will allow tenants to reduce energy consumption and bills, while adding value to properties by being more eco friendly.
"The green deal presents an excellent opportunity for landlords to improve the energy efficiency of their properties" says NLA chair David Salusbury

Wednesday 21 September 2011

Clegg backs green energy and Green Deal

utility week - 21st September 2011

Liberal Democrat leader and deputy prime minister Nick Clegg voiced strong support for green energy and electricity market reform in his conference speech today.

He told delegates at the partys annual conference in Birmingham: "we have stood by our commitments to act on the environment."

Clegg added that while the "politically convenient thing would have been to put off to another day" the party was taking immediate action and reeled off a list of examples.

These included "ambitious carbon targets. Energy market reform. Councils generating renewable energy. A Green Deal to make bills lower and homes warmer. Carbon capture and storage. Green buses, trains and trams. The worlds first ever green investment bank".

Clegg claimed these were "green achievements from a green part of the government".

Monday 19 September 2011

West Mids takes leading role in Green Deal projects

h&vnews.co.uk - 19th Sept 2011

The West Midlands looks set to lead a Green Deal revolution after Birmingham Energy Savers issued a tender notice for works, which they say could eventually be worth up to £1.5billion.

Birmingham City Council is to provide up to £75m for an initial pilot, the Pathfinder Programme, with a further £25m expected via investment through the energy company obligation under which energy suppliers are asked to support hard to treat and vulnerable households.

Chief among the delivery partners obligations will be to engage customers, assess properties and secure finance and manage loans. The partner will be expected to keep a database of installation data.

The Pathfinder Programme is set to last around three years with the last property refurbished in autumn 2015 and BCC's investment repaid under the Green Deal, feed in tariffs, the Renewable Heat Incentive and other incentives over a 25 year period.

Friday 16 September 2011

Government 'should provide energy performance clarification'

Taylor Vinters - 16th Sept 2011

The government has been urged to provide clarity regarding expected energy performance for rented property across the UK.

Richard Jones, policy director at the Residential Landlords Association, said more information is required to ensure landlords are upgrading their properties that are currently the least compliant with energy targets, with the rating system for Energy Performance Certificate needing clarification for many.

He commented "The government wants to see voluntary compliance, but the one thing that puts landlords off voluntary compliance and getting on with it is the uncertainty about the standards that they will need to meet."

According to research by the national landlords association, 24 per cent of the UK landlords say they will definitely make use of incentives set out in the governments green deal to boost the efficiency of their properties.

Further more, 38 per cent claimed they would consider in, with just 17 per cent saying the scheme has no appeal.

Thursday 1 September 2011

Building sector keen to go green

businessgreen.co.uk - Sept 2011

A major new survey has revealed the vast majority of construction firms understand the need for sustainability but have failed to take basic steps to improve their environmental performance, prompting fresh calls for the government to cut taxes for energy efficient buildings.

Ninety one per cent of construction businesses believe that sustainability will be core to their businesses over the next five to ten years, according to a new survey of more than 100 leading building products firms published today by Pricewaterhouse Coopers and the Contruction Products Association.

CPA and PwC said they hoped the survey would open a debate on the challenges facing the sector as it attempts to improve its environmental performance and how effective policies can help encourage efficient construction.

Friday 24 June 2011

Never been a better time to insulate your home

Energy Saving Trust - 24th June 2011

With rising energy bills, there has never been a better time to improve home insulation, claims Bev Coombe, membership and communications manager for the National Insulation Association.

Highlighting the benefits of installing insulation, she said: "Householders can save around £265 every year on their energy bills by having loft and cavity wall insulation installed.

"There is also the added benefit of living in a warmer, more comfortable home- which also has a reduced environmental impact."

Meanwhile, people moving home could find that insulation will improve a property's Energy Performance Certificate (EPC) rating, which all sellers must complete and show potential buyers the energy efficiency standard of a building.

Friday 10 June 2011

Companies still failing to comply with Air Conditioning Inspection Legislation

eatoutmagazine.co.uk - 10th June 2011

All UK buildings with air conditioning systems that have a capacity of over 12kW should have been inspected for energy efficiency by 4 January 2011.

The Heating and Ventilating Contractors' Association (HVCA) has received information from the Department for Communities and Local Government which indicates that many have not yet been inspected and building owners are breaking the law.

Apart from the potential penalties companies face they are almost certainly paying higher energy bills by failing to have their systems inspected by experts who can advise on efficiency improvements.
Under the regulations all air conditioning systems with a cooling capacity over 12kW must be inspected.

Rod Pettigrew, deputy chief executive of the HVCA, commented: "non-compliance has a real cost; it costs the environment, it will cost the UK and chance of meeting its emissions targets and it costs companies the opportunity to lower their costs - and in the difficult trading conditions being experienced by most bus in esse that must be sufficient incentive alone.

Its worth emphasizing that the inspection is not just a tick box excercise; it gives building owners and managers useful information about how their systems are running and how they could be improved both to reduce harmful carbon emissions and save them money on their energy bills."

Tuesday 17 May 2011

UK proposes Fourth Carbon Budget

Department of Energy and Climate Change - 17th May 2011

A limit on the total amount of greenhouse gasses to be emitted by the UK between 2023 to 2027 has been proposed to cut Britain's emissions by 50% from 1990 levels and highlighting the Governments commitment to being the greenest ever government.

Today's proposal, set out by Energy and Climate Change Secretary Chris Huhne, is in line with the advice from the independent committee on Climate Change. It sets a fourth carbon budget of 1950 MtCO2e for the period that will span from 2023 to 2027, putting the UK on course to cut emissions by at least 80" by 2050. The carbon budget will place the British economy at the leading edge of a new global industrial transformation and ensure low carbon energy security and decarbonisation is achieved at least cost to the consumer.

Call for EPC's to be publicly available

Energy Saving Trust - 17th May 2011

Energy Performance Certificates (EPCs) should be made publicly available so that properties failing to meet energy efficiency standards can be easily identified, the Association of Residential Letting Agents (ARLA) has stated.

Commenting on the second reading of the Energy Bill, Ian Potter, operations manager or ARLA, made the proposals as there are around 500,000 properties in the private residential sector that fall into F and G ratings for energy performance.

However, he welcomed the decision by the government to give landlords until 2018 to make green home improvements as a practical one, as poor performing buildings account for 17 per cent of the market.

Mr Potter did stress concern that there is still little detail about how properties are to be made more efficient.

"So far, there is no clarity on how energy improvements will be assessed or enforced - or, importantly, how this assessment will be funded," he said.

Other proposals in the Bill include making it illegal for landlords to refuse reasonable requests from tenants to make their property more energy efficient from April 2016.

Wednesday 11 May 2011

Huhne gets tough on landlords of draughty homes

Department of Energy and Climate Change - 10th May 2011

Energy and Climate Change secretary Chris Huhne has today announced plans to introduce regulations to ensure that all landlords would face minimum energy efficiency standards under the Green Deal Plan.

Under the proposals, announced at Second Reading of the Energy Bill:

From April 2016 landlords will not be able to refuse reasonable requests from tenants or local authorities acting on behalf of tenants, to improve their property;

From April 2018 the government will make it unlawful to rent out a house or business premise which has less than an "E" energy efficiency rating, ensuring at least 682,000 properties will have to be improved.

The Green Deal is the coalitions national plan of home improvements to make house and businesses cheaper to run through better energy efficiency, From next year people will be able to access finance to pay for the upfront cost of work which will be paid back through savins on lower fuel bills.

Tuesday 3 May 2011

Air Conditioning Inspection Reports must be lodged on national register

racplus.com - 3rd May 2011

From 1 July 2011, all Air Conditioning Inspection Reports produced for systems in England, Wales and Northern Ireland will need to be lodged on the national register. All systems with an effective rated output over 12kW need to be inspected.

There are tens of thousands of air conditioning systems used in England Wales and Northern Ireland. The great majority are of more than 12kW rated output and they should all have been inspected by 5th January 2011 (or within 5 years if installed after 1st January 2008, and slightly different dates apply in Northern Ireland).

Yet some landlords and occupiers just aren't bothering with inspections. Inevitably some systems are using more energy than they need, without delivering effective cooling to the end users.

The introduction of mandatory lodgement is a good opportunity to make clients aware of this new requirement, reminding them that they have a duty to have systems inspected and encourage them to get on and do it. For those that think its a burden, not a benefit, then they might be interested in recent case studies which show how they can pay for themselves within months.

Wednesday 20 April 2011

Revamped EPC to be launched

estateagenttoday.co.uk - 20th April 2011

A revamped EPC is being worked by government advisers and is set to be implemented early next year.

The revamp will follow a raft of changes due to implemented in two stages, on July 1 and October 1.
If the October 1 proposed change goes through, it should mean agents not having ti print forests of extra pages as had been feared.

The October 1 proposal is that the full EPC - not just the ratings - will have to be printed and attached to all particular. However, all the associated recommendations will not have to be attached. This would mean that agents would have to add one more double sided A4 page to their particulars.
There is likely to be one crucial change. Denis purshouse, senior civil servant at CLG who advises on housing matters, said that for the purpose of EPCs attached to property particulars, the address of the property will not be included.

Monday 11 April 2011

Green Makeovers improve appeal for tenants and cut costs

easier.com - 11th April 2011

According to a recent poll the buy to let market has reaches record highs with 41 per cent of landlords planning to increase rents during the next 12 months. This is concerning news for many tenants who, as a result of the increased cos of living due to escalating fuel prices and the recent VAT rise, are already struggling to make their payments on time, pushing them into debt and leaving their landlords to pay the mortgage.

The Government has stated that it may introduce new regulations to force landlords to improve the energy efficient features is one of the simplest ways for a landlord to make a property more cost effective to run. The Landlords Energy Saving Allowance currently offers financial support in the form of a tax allowance up to the value of £1,500 to help support landlords that choose to implement energy saving measures.

Wednesday 30 March 2011

Buildings 'should display energy ratings'

bdonline.co.uk - 30th March 2011

The UK Green Building Council has said all non-residential buildings should have their A-G energy rating on public buildings to encourage landlords to bring up to scratch those premises lagging behind.

The ratings would provide an at-a-glance indicator and detailed technical information on the energy performance of a building, it said. The council added that these display energy certificates should be used to produce a range of publicly accessible league tables based on occupiers, landlord, sectors, building types and uses.

Green Building Council chief executive Paul King said the rating system should be included in the Energy Bill currently going through parliament. "A to G ratings for commercial buildings will provide a reputational driver for both landlords and tenants to take energy use more seriously," he added.

He said aswell as displaying ratings, landlords should also be required to put up certificates showing energy efficiency of the services they provide.

Friday 25 March 2011

EPC rules tighten

estateagenttoday.co.uk - 25th March 2011

New requirements are set to tighten up rules on Energy Performance Certificates imminently.
Communities and Local Government has issued no press briefings or other information, but has held meetings with EPC providers to discuss changes, which look set to including having a full EPC on all marketing, including the internet.

However, according to part of the presentation by CLG which we have seen, the changes are due to come into force 'from April / Jult 2011'. However, the document does not specify in what order the changes will apply or give actual dates.

The changes will include:
  • An EPC must be either available or ordered before any property is marketed for sale or rent, and enforcement officers will have powers to check that the EPC has been commissioned;
  • The full EPC, apparently as opposed to the summary graphs, must be provided when supplying property particulars;
  • The 'responsible person' (usually the agent) must use 'reasonable efforts' to ensure that the EPC is available within seven days of the start of marketing, rather than the current 28 days; 
  • The EPC must be attached to all proeprty particulars for marketing purposes;
  • Finally, the changes make the agent liable to prosecution if the EPC rules are broken.

Friday 25 February 2011

Provide more advice about energy efficiency say experts

uswitch.com - 25th February 2011

Howeowners should be helped to find ways to make their homes more energy efficient an expert has said. 

Gordon Miller, Sustainability and Communications Director of Sustain Worldwide, said that there is a lack of awareness when it comes to energy efficiency. He highlighted the importance of energy saving and added that barriers that currently prevent people from carrying out essential measures need to be addressed.

Mr Miller explained that some homeowners are unsure of how particular gadgets and technologies work and do not know who can help to fit them.

"It goes back to finding peoples trigger point that will see them engage with the debate and act," he said, suggesting that environmental concerns and money may motivate people.
"Whatever works - and each [issue] will for different people - is where the focus needs to be," he added.

Investing in the green economy is a hot topic for many organisations, as this week the United Nations called for 2% of the worldwide income to be invested into reducing greenhouse gasses.

Wednesday 23 February 2011

Huhne calls for greater effort in renewable heat development

energysavingtrust.org.uk - 23rd February 2011

Energy Secretary Chris Huhne has called for greater developments to be made in renewable heat technology.

Speaking to the Royal Geographic Society last week, he highlighted the need to tackle what is the UK's second biggest driver of energy demand after transport.

"More combined heat and power schemes, putting waste heat to better use. More district heating schemes are needed" he said.

"And more electric air and ground source heat pumps, drawing warmth from the outside world to heat indoors. Better insulation, smarter homes, and more energy efficient heating can help us to cut our energy demand."

The minister noted that research from British Gas shows that homeowners who install energy efficiency measures cut their gas consumption by 44%, showing that home improvements can be made and can be effective.

In addition, Mr Huhne said that electricity use could double by 2050 as the grid is used to heat homes and charge cars.

He stressed the need for low-cabon supply from renewable energy such as wind, wave, solar and micro-hydro power, as well as from nuclear and carbon capture storage.

Tuesday 15 February 2011

Being energy efficient is key to being competitive

guardian.co.uk - 15th February 2011

Energy costs account for as much as a fifth of business expenditure so investing in efficiency can lead to gains in competitive advantage.

At a time when cutting costs is imperative for many businesses, utility costs can be a significant and unavoidable overhead. Energy costs can account for up to a fifth of the average business' expenditure and this is compounded by a volatile energy market and an increasing amount of complex regulation on the horizon.

However this threat can be turned into an opportunity to cut costs and gain a competitive advantage if businesses are willing to transform their approach to managing their energy use.

From our experience of working with over 750,000 business and public sector customers we know that most businesses can save at least 10% on their bulls by taking steps to manage their energy more efficiently. For those that go a step further and make energy efficiency a business priority, savings in the region of 20-30% are achievable.

Monday 14 February 2011

Landlords given tips on greening properties

rman.co.uk - 14th February 2011

Landlords have been handed tips on the best ways to make their properties greener in a bid to attract tenants.

According to letting agent body ARLA, the governments Green Deal is set to offer landlords financing in order to improve the energy efficiency of the homes they rent out.

Older properties will be particularly targeted under the scheme, with any houses with an energy performance certificate rating of F or G to be updated first.

Ian Potter, operations manager of ARLA commented: "landlords can already take advantage of a tax allowance of up to £1,500 for these energy efficiency improvements through the landlords's energy saving allowance."

He added that it makes sense for landlords to carry out the necessary work as soon as possible in order to make immediate cost savings.

Friday 4 February 2011

Fines for missing EPCs

PropertyDrum - February 2011

Firms that alter their business premises may find themselves liable for providing their landlord with a new Energy Performance Certificate (EPC) or face a hefty fine warns Paul Burbidge, a partner at Gullands solicitors in Maidstone. Read More

Tuesday 1 February 2011

EPCs should play a bigger role in home energy efficiency advice says FMB

build.co.uk - 1st February 2011

The Federation of Master Builders (FMB) has welcomed news that the data from Energy Performance Certificates (EPCs) will be used to offer advice and information to home owners and tenants about how to improve their property and reduce their fuel bills.

The FMB has said for a long time that the EPC should play a bigger role in improving the energy efficiency of the UK's housing stock.

Brian Berry, Director of External Affairs at the FMB said: "The retrofit revolution is an enormous challenge. In order for the Government's Green Deal to successfully deliver the carbon savings required, home owners and tenants must understand the benefits of home energy efficiency improvements. For a long time the FMB has said Energy Performance Certificates should be used to trigger property upgrades. This can only start to happen if local authorities and other trusted and accredited companies have access to information about the energy performance of the homes in their area".

Monday 31 January 2011

Minister unveils Green Deal advice plan for tenants and homeowners

24dasg.com - 31st January 2011

Junior housing minister Andrew Stunnell has outlined plans for a new scheme that will enable homeowners and tenants to receive tailored advice about how to make their homes greener and save money, delivered direct to their door.

Compnaies offering services to upgrade homes through the Government's Green Deal will be able to access information about the energy efficiency of properties that have an Energy Performance Certificate, and deliver tailored advice to individual homes. Proposals published last week set out how the system for accessing this information will work.

The Green Deal is the Government's new and radical way of making energy efficiency available to all, whether people own or rent their property. Green Dea providers will carry out work to upgrade properties so they become warmer and cheaper to run. Homeowners and tenats will have the opportunity to save money with all the costs to upgrade the property paid back from the savings on energy bills.

Thursday 13 January 2011

Green Bank 'could be in Edinburgh'

HeraldScotland - 13th January 2011

The UK's new Green Investment bank could be based in Edinburgh, Energy Secretary Chris Huhne has told MSPs.

He said the city had a "very special advantage" because its financial institutions had a strong track record in lending to renewable energy companies.

But Mr Huhne warned Holyrood's Economy, Energy and Tourism committee that Edinburgh faced stiff competition from other financial centres.

The bank, anonounced by the UK Government last year, is being set up with £1 billion of public money to channel private sector funding, which it will raise in similar way to regular banks, into low carbon businesses.

Mr Huhne said: "One of the reasons that Edinburgh has a particular claim as the potential site for the GIB is precisely because of the substantial expertise that exists in Edinburgh on the energy financig side."

Tuesday 11 January 2011

UK & Scotland sign up to low-carbon collaboration with China

energyefficiencynews.co.uk - 11th January 2011

UK Energy and Climate Secretary Chris Huhne yesterday pledged to work fomrally with china to promote low-carbon technologies.

A memorandum of understanding (MoU) was signed by Huhne and Chinese Vice-Premier Li Keqiangm who is on a four-day trade mission to the UK, to establish a UK-China Low Carbon Co-operation (LCC) initiative.

"[This] agreement demonstrates that the UK and China want to accelerate the shift to low carbon and are committed to greater collaboration on energy markets and low carbon technology," said Huhne yesterday.