The promise was made as shadow chancellor George Osborne and shadow energy and climate change secretary Greg Clark launched 10 measures they claim should be in next week’s budget to stimulate a ‘green recovery’.
They insist the policies – which are not new and were all included in a policy paper released at the beginning of the year – will unlock £30 billion worth of private sector investment.
Mr Clark said the Government was taking too long to determine policy and his party wanted to accelerate things: “We think their consultations are too leisurely when there is an urgent need for action and there are models for policy around the world. These consultations should be curtailed and decisions made more quickly.”
Feed-in tariff hope
Renewable Energy Association director general Philip Wolfe said faster action especially on feed-in tariffs would be welcomed “They have identified the right issue regarding the present Government being more concerned with consulting us to death rather than implementation.
“This is becoming increasingly frustrating and if this stimulates the Government to act faster on these issues that will be helpful.”
The measures being toutted by the Tories were unveiled back in January in the party's policy paper 'The Low Carbon Economy - Security, Stability and Green Growth'. These include the installation of smart meters, the development of a smart grid, a loan guarantee scheme for green technology and a £6,500 entitlement for households to retrofit energy efficiency improvements,
This £6,500 entitlement would be paid back through savings on energy bills.
UKGBC looks for tax rebate on green measures
The UK Green Building Council has welcomed the Tory proposals, but head of advocacy John Aiker added: “Aiming to refurbish 10 million homes over 10 years is hugely ambitious and that should be applauded. But the key to that is effective delivery. To get sufficient uptake in the first few years might well require an additional upfront fiscal incentive, such as a tax rebate, to sweeten the offer to householders. We would encourage the Conservatives to explore this.”
The cost of consultations was highlighted by the Micropower Council in December.