Co-operative launches new energy efficiency scheme

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The Co-operative Bank has launched a new initiative designed to reward homeowners who actively work to reduce their carbon footprints.

Created in conjunction with the Energy Saving Trust and Ecofirst, the new scheme allows existing mortgage holders to gain discounts on green improvements made to their properties.

People can also get free and impartial advice on how to improve the energy efficiency of their homes.

Talking at the launch of the scheme, the company's mortgage head John Barker said: "As houses are one of the largest sources of carbon dioxide emissions in the UK, all mortgages from the Co-operative Bank currently include an annual donation to Climate Care, which enables one fifth of the average home's annual carbon dioxide emissions to be offset.

"However, this new product now goes one step further by actually helping to encourage customers to further reduce their CO2 emissions."

Energy provider Scottish and Southern Energy recently launched a new tariff which also rewards their customers for reducing their energy use over a year.

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