Small #netzero infrastructure investments, writ large, @RishiSunak: @eeiguk today sets out #energyefficiency's offer for net-zero compatible stimulus and resilient recovery: theeeig.co.uk/media/1091/eei…. Coverage here: bbc.co.uk/news/business-… THREAD 1/ 
First off, @eeiguk is a growing and broad-based coalition of over 25 industry groups, NGOs, charities and businesses asking for rapid improvement in energy efficiency for UK homes and buildings. It's vision is set out here: theeeig.co.uk/media/1063/eei… 2/
The 2-year stimulus of £2.8bn public investment, unlocks £3.4bn from homeowners, social landlords and the public sector. It would support 42,500 jobs, while 1m households would save £270 on their bills. It dovetails into a programme that puts homes on track for #netzero 3/
Renovating homes is labour-intensive and mostly done by SMEs. #Energyefficiency investment can level up opportunity – supporting over 150,000 skilled and semi-skilled jobs to 2030 (FTEs) – in every part of the country, doing more in the regions that need it most. 4/
The per capita investment needed and associated FTEs required to improve our homes in different parts of the country correspond well with regional unemployment levels. (unemployment stats are for end March and need updating) 5/
#Energyefficiency investment for homes levels up infrastructure and resilience, delivering benefits for all. It is needed most in areas outside of London, the Home Counties and the South East. 6/
There are significant disparities in the incidence of #fuelpoverty across the country, to which inefficient homes are the main contributor. #Energyefficiency investment can level up energy affordability by supporting households in or at risk of fuel poverty – & end it by 2030 7/
Improving #energyefficiency is an opportunity to reduce health inequalities, level up resilience to health and wellbeing risks, and permanently reduce pressure on the NHS – risks which will be heightened if lock-downs extend into colder months. 8/
#Energyefficiency, combined with low carbon heat, is an opportunity to level up rural-urban infrastructure disparities across the UK in the near term. 9/
After ‘direct rebound’ – such as a household choosing to maintain a warmer home – long-lasting home #energyefficiency improvements secure energy cost savings & increase disposable income, resulting in a persistent boost to consumer spending & accelerated economic recovery. 10/
There's a direct boost too: for every €1 invested by Germany’s national infrastructure bank KfW to incentivise #energyefficiency renovation through interest rate and capital subsidies in 2016, building owners were motivated to borrow and spend €6. A #cleangrowth engine. 11/
At the macro-level, lower energy demand for heating also reduces gas imports by 26% by 2030, redirecting spending onto goods and services with a stronger domestic component and therefore improving the balance of payments. 12/
Stimulus packages have to provide support where it is needed and to deliver economic impact quickly and reliably. Existing delivery capacity and capability across the renovation supply chain – spanning policy through to installers – can meet these criteria. 13/
#Energyefficiency stimulus is a good fit with immediate need. The wider construction sector – which accounted for 2.3 million people in work (6.4%) at the end of 2019 – is among the hardest-hit by the crisis and is historically a ‘first responder’ to economic stimulus. 14/
Resilient construction recovery must mean that health, safety & livelihoods are at the heart of the government’s response: protecting workers now & in future. This is a chance to skill up workers unable to return to sites & to invest in on-site productivity for those who can. 15/
#Energyefficiency stimulus would drive activity in a broad spectrum of local trades, which can support the overall construction sector’s recovery and resilience while hedging the risk of stimulus failing to achieve impacts swiftly. 16/
And guess what: stimulating demand for #energyefficiency improvements will also boost UK manufacturing - the largest segment of the Low Carbon & Renewable Energy (#LCRE) economy 17/
How to deliver right now? Well, the #EnergyCompanyObligation is already there. 39% of the UK's 434 local authorities are actively delivering clean energy transitions (and 2/3 have declared #climateemergency) 18/
Local authorities often work together. Also see @LGAcomms report out today on their role in delivering green jobs: local.gov.uk/lga-over-milli… 19/
Leading social housing providers and their supply chains are a key delivery route for #energyefficiency stimulus. Just housing associations, in England alone, invested £10.9bn in their housing since 2010. And they can branch out into private housing. 20/
In crafting regionally appropriate stimulus, there is a significant role for the dozens of excellent independent energy agencies in the third sector dotted around the UK who are active well beyond their neighbourhoods. E.g. the incredible @cse_bristol @ChangeworksUK 21/
And neglected community energy groups are being heroic right now, and should engaged in the Government’s response, to take a forward-looking perspective on enhancing social acceptance of #netzero work, regional resilience and energy security. 22/
Need I say the financial sector stands ready to support stimulus deployment? @GFI_green's Coalition for the Energy Efficiency of Buildings is the key platform for government-finance industry dialogue on deploying #energyefficiency stimulus: greenfinanceinstitute.co.uk 23/
So what's the stimulus package?: to start, £9.2 billion worth of commitments to #energyefficiency investment made in the government’s 2019 election manifesto need to be treated as instrumental to an energy efficiency stimulus package, financially and programmatically. 24/
Critically, incentives to stimulate demand are missing. Table below shows the capital investment for next 2 years - also essential are skills, innovation, governance and learning. Run out of Twitter thread - report here, with painless 2-page summary: theeeig.co.uk/media/1091/eei… 25/25
