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1121838

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Housing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of introducing a low interest loan scheme for home owners to help make homes low carbon and energy efficient similar to the scheme introduced by the German Government.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245866
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245868 245869 245876 245878 245879 245881 245882 question first answered 01/05/2019 16:06:56 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121841

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy Performance Certificates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the amount of funding required to achieve the Government’s target of all homes being rated EPC band C by 2035.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245868
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245869 245876 245878 245879 245881 245882 question first answered 01/05/2019 16:06:56 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121843

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy Performance Certificates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an assessment of the cost to the public purse of heat decarbonisation of the UK not reaching the target of all homes to at least Energy Performance Certificate Band C by 2035.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245869
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245868 245876 245878 245879 245881 245882 question first answered 01/05/2019 16:06:56 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121853

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Housing: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential merits of the recommendation on retrofitting the UK’s 29 million existing homes as an infrastructure priority by the Committee on Climate Change in its Report entitled, UK-Housing-Fit for the Future? published on 21 February 2019.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245876
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245868 245869 245878 245879 245881 245882 question first answered 01/05/2019 16:06:57 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121857

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Housing: Sustainable Development
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to key message five of the report entitled, UK Housing - Fit for the Future? published by the Committee on Climate Change on 21 February 2019, if he will make an assessment of the potential merits of implementing proposals for (a) a green buildings passport, (b) green mortgages, (c) green loans and (d) other fiscal incentives.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245879
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245868 245869 245876 245878 245881 245882 question first answered 01/05/2019 16:06:57 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121859

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Housing: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make a comparative assessment of the level of public funding for retrofitting for energy efficient homes in (a) England and (b) Scotland.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245881
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245868 245869 245876 245878 245879 245882 question first answered 01/05/2019 16:06:57 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown

1121860

registered interest
date	18/04/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Housing: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what comparative assessment he has made of the level of public funding allocated to retrofitting for energy efficient homes in (a) the UK and (b) other EU countries.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	245882
answer	answer is ministerial correction date of answer 01/05/2019 answer text <p>The Clean Growth Strategy set out our aspiration that as many homes as possible will be upgraded to an Energy Performance Certificate (EPC) Band C by 2035, where practical, cost-effective and affordable. BEIS estimate that the total investment cost of meeting this aspiration is in the order of £35-65 billion (undiscounted), with the actual cost dependent on a range of factors including the technology mix used in particular properties.</p><p> </p><p>Further innovation in home energy efficiency measures could lead to cost reductions which reduce these estimates significantly. A key component of the Buildings Mission announced last year, is to halve the cost of retrofitting existing homes to a similar standard of new homes. We recently approved a £10 million innovation project for whole house retrofit, to demonstrate a cost reduction trajectory through retrofitting similar properties at scale.</p><p> </p><p>Improving the energy efficiency of our homes reduces the overall energy system costs of heat decarbonisation. The level of additional energy efficiency required is dependent on the heat decarbonisation scenario.</p><p> </p><p>Given the scale of investment required, financing these improvements will require funding from both public and private sources. In the Clean Growth Strategy, we committed to extend support for home energy efficiency improvements to 2028 at least at current levels of support through the Energy Company Obligation. This is equivalent to around £6 billion of investment. Additional investment in cost-effective energy efficiency measures will be needed from private sources, including owner occupiers, social landlords and private landlords. For example, landlords of the worst performing properties are already required to invest up to £3500 in improving their homes to a minimum EPC Band E before they let their property, where no third party funding is available.</p><p> </p><p>Different parts of the UK have taken different approaches, reflecting the devolved nature of energy efficiency policy. In Scotland, for instance, zero interest loans are available to homeowners for energy efficiency improvements as well as equity loans where interest is repaid on sale of the property.</p><p> </p><p>In other EU countries a range of approaches have been taken to support home energy efficiency improvements. These include low and zero interest loans, mortgage incentives, capital subsidies, tax credits and reduced VAT on the installation of energy efficiency measures. We are always looking to learn from international experience in developing policies which are right for the UK.</p><p> </p><p>Given the importance of low cost financing, our Call for Evidence on Building a Market for Energy Efficiency sought evidence on different ways of financing energy efficiency, and other fiscal incentives. Different approaches will be appropriate for different consumer groups and tenure types and there is no one size fits all approach. We are currently analysing responses to this.</p><p> </p><p>Financing these improvements presents real opportunities for green finance innovation, for example around green mortgage products or green bonds. The UK’s first ever Green Finance Strategy will also be published in the summer. This strategy will build on the recommendations of the Green Finance Taskforce report: Accelerating Green Finance and will set out the steps required to attract the investment we need into our clean economy, including around financing residential energy efficiency.</p><p> </p><p>We will set out further details on how we will catalyse the market for energy efficiency later in the year and stimulate the required investment. This will take account of responses to our Call for Evidence alongside recommendations from the National Infrastructure Commission, and Committee on Climate Change.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst grouped question UIN 245866 245868 245869 245876 245878 245879 245881 question first answered 01/05/2019 16:06:57 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4470 label Biography information for Alan Brown