Green Deal should be a “win-win” for consumers

The Government’s Green Deal initiative has to be a “win-win” for consumers in order for it to work, according to a property consultancy firm. Richard McCarthy, Executive Director at Capita […]

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By Priyanka Shrestha

The Government’s Green Deal initiative has to be a “win-win” for consumers in order for it to work, according to a property consultancy firm.

Richard McCarthy, Executive Director at Capita Symonds said the scheme isn’t going to work with just a few calculations and lots of “finger-crossing”.

His comments were made at Base London yesterday looking at opportunities to reduce carbon emissions and boost the nation’s green economy.

The Green Deal is expected to help home owners and businesses improve the energy efficiency of their properties so less energy is consumed and less money is wasted.

Mr McCarthy told ELN: “The Green Deal needs to feel like a win-win. If I’m going to invest in it as a household, I need to believe that not only will my fuel bills fall enough to cover for the investment but actually I’ve got a small margin on top. I think we have to create a real fiscal incentive in the system for people to believe its worth investing, or to absolutely be certain that there are no additional costs that someone else is going to invest in your property.”

The Government will be launching the final Green Deal scheme later this year.