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Earl Russell (LD)

Speaking in the House of Lords on 9 December 2024

Debate

Private Low-carbon Investment: Green Finance Institute Report

Contribution

My Lords, cold homes drive up ill health, our energy bills and our emissions. At least one-fifth of the UK’s CO2 emissions come from home heating and our homes are some of the worst insulated in western Europe, with 27 million of our homes needing to be retrofitted. Does the Minister agree that property-linked finance makes sense? I ask him to look at it in relation to heat pumps, particularly with a view to bringing in enabling legislation and pilot programmes so that the Government can find the schemes that really work.

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