• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Its going to be an oil bloodbath
  • 42 mins Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 2 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 1 hour Marine based energy generation
  • 2 hours Cpt Lauren Dowsett
  • 2 hours The Most Annoying Person You Have Encountered During Lockdown
  • 4 hours Which producers will shut in first?
  • 17 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 13 hours CDC covid19 coverup?
  • 3 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 3 hours Washington doctor removed from his post, over covid
  • 13 hours How to Create a Pandemic
  • 13 hours Iran-Turkey gas pipeline goes kaboom. Bad people blamed.

Breaking News:

IEA: OPEC Can’t Save The Oil Market

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

British Hope their 'Green Deal' will cut Energy Imports by $5 Billion a year

British Hope their 'Green Deal' will cut Energy Imports by $5 Billion a year

British energy officials have recently been on a trip to the United States, where on Monday, in Houston, Texas, they shared their dream of a market friendly energy efficiency promotion.

The ‘dream’ that they were trying to share is the British government’s Green Deal, a program that the government are sponsoring with the aim of encouraging the population to insulate buildings, in order to increase their energy efficiency. The government will support this program by offering low cost loans to cover the necessary improvements. The Green Deal will take effect later in the year.

The government has estimated that the program could benefit as many as 14 million homes, reducing energy consumption across the entire nation, and cutting the necessary energy imports that the country currently requires.

Gregory Barker, Brain’s Minister of State for Energy and Climate Change, said that, “the Green Deal is the most comprehensive energy saving plan in the world, and it can make a real difference. It could cut our energy imports by nearly $5 billion per year and save households up to $600 per year in gas and electricity.”

Barker noted that at the moment, due to the poor insulating levels generally found in British homes, they use more energy during the winter than Swedish homes, even though Swedish winters are usually much colder.

The government will start the Green Deal rolling by funding it itself, although eventually the program will be funded through private loans to the customers. This may put many people off the idea, but Barker explains that the money saved from heating bills due to the increased insulation will offset the cost of the loan.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News