Green Deal could transform U.K. building efficiency

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Buildings in Britain are the most inefficient in the world, but an initiative launched yesterday will give consumers an incentive to make their homes and facilities more energy efficient.

The Green Deal is the Coalition Government's new initiative to transform Britain's homes. The Green Deal incentivizes those who make energy-efficiency improvements with hundreds of pounds in cash back rebates, as well as energy bill reductions. The more improvements that are made, the more money users can receive. There are 45 different types of improvements customers can make to receive the rebates.

"The U.K. green sector is a success story -- it is the sixth largest in the world and has a crucial part to play in building a strong economy," said Deputy Prime Minister Nick Clegg in a statement.

He said that the Green Deal will not only support thousands of jobs long term, but will create a new market in energy efficiency.

"More and more families are being hit by the rising cost of fuel bills and the best way people can protect themselves from increased costs is to use less energy," said Energy and Climate Change Secretary Edward Davey in a statement. "This is where the Green Deal comes in, giving people a whole new way to pay for energy saving home improvements."

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