Home > Enviroment, General > ECO scheme – carbon reduction or wealth redistribution?

ECO scheme – carbon reduction or wealth redistribution?

October 25, 2013 Leave a comment Go to comments

BSRIA Blog - Opinions and insights from BSRIA Limited.

The issue of retail energy prices is now THE political hot potato.  The invisible green taxes attached to household energy bills have suddenly become glaringly revealed and politicians of all hues are now looking at these supplements as serious vote losers.  But are they such a bright idea anyway?

The question really is about the use of hypothecated funds harvested from energy bills and used to create a kind of wealth redistribution in favour of energy-poor households.  Under this scenario there is a transfer of wealth from richer households to improve the lot of lower earning households by improving the energy signatures of their homes. The ECO scheme is not so much a carbon reduction scheme as a wealth redistribution tool.   The scheme does however have the twin benefits of deriving a relatively secure revenue stream and, by increasing the costs to “donor” households, acts as an  additional incentive for…

View original post 416 more words

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: