The government’s flagship green deal could see £12 billion invested into the UK’s social housing stock. Figures in a report prepared by the National Housing Federation and green consultancy Camco reveal that social housing could be worth 11 per cent of the overall green deal retrofit market. However the report, which is due to be published shortly, also casts doubt on the scheme’s ability to meet the government target of cutting carbon emissions from social housing by 80 per cent by 2050. It suggests the maximum potential cut from social homes that the green deal could achieve in its current form is 21 per cent. Under the green deal, which kicks off in 2012, private and social landlords will be able to carry out energy efficiency works - the cost of which will be recouped through savings on energy bills. The NHF report predicts that by 2020, social landlords will have been able to retrofit a quarter of their homes using green deal finance but may only achieve a 4 per cent reduction in carbon emissions - although this could increase if tenants live greener lifestyles. Read more on Inside Housing.
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