Mineral Wool Insulation Manufacturers Association (MIMA) comments on the Green Finance Strategy

Posted On: 
2nd July 2019

Sarah Kostense-Winterton, Executive Director of the Mineral Wool Insulation Manufacturers Association (MIMA) comments on the Green Finance Strategy:

"With only an additional £5m fund for home energy efficiency improvements, this strategy demonstrates a disappointing less than 1% of the annual £1bn additional investment required to bring our homes up to EPC C by 2035 and fill the investment gap." - Sarah Kostense-Winterton, Executive Director of MIMA
Credit: 
PA

“Whilst we see encouraging titbits in this first ever Green Finance Strategy, what is clearly lacking is ambitious support for financial incentives for the energy efficiency of our homes and buildings. This strategy is woefully inadequate to address the challenges we face to make our homes energy efficient. Government needs to embrace this least cost approach to achieving net zero emissions or we fear they are making an empty commitment."

"We all know - government, industry, consumers - that there are substantial economic and health benefits from improving the fabric and energy efficiency of our homes and that reducing the energy we use in our homes is vital to the success of the governments clean growth strategy and net zero emissions commitments. The consensus on and support for this is overwhelming "

“With only an additional £5m fund for home energy efficiency improvements, this strategy demonstrates a disappointing less than 1% of the annual £1bn additional investment required to bring our homes up to EPC C by 2035 and fill the investment gap. Clearly there is a lack of ambition or worse, no serious intention of delivering on the Government’s own commitments.”

“Whilst progress is being made, it is albeit slow, lacking in urgency or ambition - a great deal more action is needed to support the UK’s net-zero goals. We hope to see substantially more in the months to come and from the Government's long-awaited energy efficiency action plan. Or are we setting ourselves up for more disappointment? We really hope not."