NEWS

Government to Sponsor Green Economy Awards

5 June 2013

The Government will sponsor a series of categories at this year’s Green Economy Awards, it has been revealed.

The Department for Energy and Climate Change (DECC) has revealed that it will be sponsoring three of the 20 awards to be handed out by ENDS, a specialist environmental publishing unit.

According to the DECC website, the move is designed to “raise the strategic profile of energy efficiency so that the importance of energy management and energy managers is recognised at the board level within UK business.”

Promotion has been a prime focus for the DECC this year, following the launch of the Green Deal and Energy Company Obligation (ECO) back in January.

Both of these initiatives have been implemented to help reduce the UK’s carbon emissions and improve the energy efficiency of its housing stock. As a result of the schemes, householders are expected to benefit from cheaper energy bills, while the Government also hopes to boost the economy with up to 250,000 new jobs by 2030.

Under the conditions of the Green Deal, householders can apply for an unsecured loan that will allow them to make any of more than 40 energy efficient home improvements to their property. The loan is funded by the Government – removing the need for upfront capital – and paid back via the property’s energy bill.

Importantly, the scheme has been designed so that the cost of repayment is less than the amount saved on the bill.

Improvements available under the scheme include Loft Insulation, Cavity Wall Insulation, improved heating systems, and draught exclusion.

The ECO is a similar initiative but the loan is replaced by a grant. The scheme is open to low income households or those receiving specified Government benefits.

Under these schemes, the Government believes that six million homes can benefit from Cavity Wall Insulation and another 5.5 million from Loft Insulation. Millions more households could also benefit from the long list of other improvements available.

Since launching the schemes back in January, the DECC has been tackling the problem of promoting the benefits of both the Green Deal and the ECO. The department reportedly has an advertising budget of £2.9 million. The awards sponsorship is the latest move to promote energy efficiency and, in turn, its own schemes.

The categories the DECC will sponsor are:

  • SME energy efficiency innovation
  • Building energy efficiency improvement
  • Catalysing major energy efficiency improvement

Formerly known as the Green Business Awards, the Green Economy Awards are designed to ‘celebrate the pioneers of Britain’s brave new green economy’. Businesses displaying environmental awareness – both at production and management levels – will be awarded for their actions.

The extended deadline for entries is 28 June 2013.


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