Business, Energy and Industrial Strategy (BEIS) Committee releases damning report on UK energy efficiency policy, as MPs make the case for better building standards and retrofit funding.
The UK "stands no chance" of slashing greenhouse gas emissions to net zero by 2050, nor meeting its interim carbon budgets, unless the government takes urgent action to improve the energy efficiency standards of buildings and households, a group of MPs has warned.
After carrying out an inquiry into the issue, MPs on the Committee found the rate of efficiency measures - such as insulation and low energy lighting - installed in UK homes under government schemes has plummeted by 95 per cent since 2012.
MPs on the Committee said energy efficiency should be treated as a national infrastructure priority. They argued that as such the government should deliver far more robust building regulations and fill the "substantial" gap in funding needed to bring existing homes up to scratch.
The BEIS report additionally recommends the government "drastically" increases the £5m it has put towards the new Green Finance Innovation Fund, which was set up last month to encourage the private sector to develop financial products that encourage households to install efficiency measures.
And it calls on Ministers to urgently set out how they intend to meet the government target for all homes to be at EPC efficiency rating C or above by 2035.
The new analysis comes just days after a damning report from the UK's independent climate advisory body, which concluded the government is woefully unprepared for the impacts of climate change and is badly off track to meet its carbon targets.
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