Britain is spending 1.8 billion pounds ($2.33 billion) on energy saving improvements for poor households particularly in social housing. The project will cut bills and carbon emissions as part of the government’s pledge to meet net zero emissions by 2050. The money will cover up to 170,000 homes with upgrades like insulation, solar panels, heat pumps and double glazing.
The government’s Warm Homes Plan helps to keep families warm and save money on energy bills. The money will be distributed to local councils and housing organizations via the Warm Homes such as Local Grant and Social Housing Fund. This project forms as part of a wider strategy to assist individuals during peak energy bills as a result of increasing international gas prices with the intention of reducing fuel poverty, carbon emissions and energy bills for tenants.
Secondly, the investment will promote the green economy by opening new opportunities for employment in the renewable energy industry. Social landlords and local authorities are working keenly to ensure that the UK achieves energy efficiency targets, benefiting both tenants and long term sustainability. The action complements other initiatives, such as the Warm Homes Discount to benefit struggling households.
