Three questions arise out of this idea.
One, is now really the time to engage in more spending.
Two, is it really up to the government to finance everything we should do?
Three, is this not a much better way to notch up government debt that many of the other alternatives that governments are engaged in.
Onésimo Alvarez-Moro
See article:
But pay-as-you-save scheme gets lukewarm response from government
Homeowners will be able to borrow up to £10,000 to "green" their homes and pay the money back through their council tax bill, under radical proposals drawn up by a government advisory body.
The plans, published today in a report by the UK Green Building Council, flesh out a government proposal aired last month for a pay-as-you-save scheme to improve the efficiency of 7m British homes by 2020.
Britain's housing stock is old and notoriously inefficient in its use of energy. Housing accounts for a quarter of all carbon emissions but the upfront cost of improvements such as solid-wall insulation, low energy boilers and solar panels has been identified as a big barrier to reducing emissions – something the pay-as-you-save scheme aims to address.
See full Article.
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