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Energy Efficiency in the United Kingdom: The Failure Of The Green Deal

John Chandler

The United Kingdom was particularly hard hit by the 2008 financial crisis and embarked on a quantitative easing program buying £200 billion ($300 billion) worth of bonds between March and November 2009 and leaving it with a National Debt equivalent to 77% of GDP.
Following the general election in May 2010 the UK’s Labour Government was replaced by a Conservative/Liberal Democrat coalition. One of the Liberal Democrats’ manifesto pledges was to promote energy improvements in domestic properties. On the other hand the Conservatives had pledged to introduce austerity cuts to reduce the budget deficit. The two pledges were reconciled by an innovative plan to encourage consumers to introduce energy efficiency measures without the UK Government having to spend significant sums of money. It was known as the Green Deal, and set up a mechanism to give access to funding for energy efficiency improvements which was repaid through energy bills.

Partner, Energy & Projects, Shakespeare Martineau LLP. Qualified to practise as a solicitor in England and Wales.


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