Green Heat Finance Taskforce: report part 1 - November 2023
The independent Green Heat Finance Taskforce, has identified a suite of options which will allow individual property owners to access finance to cover the upfront costs for replacing polluting heating with clean heat solutions in the manner best suited to their own individual circumstances.
12. Annex 6 - Glossary
ABS: Area-Based Schemes
BES: Business Energy Scotland
BTL: Buy-to-Let
CARES: Community and Renewable energy Scheme
CCA: Consumer Credit Act 1974
CEEF: Central and Eastern European Fund (EU)
DHLF: District Heating Loan Fund
EBRD: European Bank for Reconstruction and Development
EED: Energy Efficiency Directive
EEEF: European Energy Efficiency Fund
EEMI: Energy Efficiency Mortgages Initiative
EESH: Energy Efficiency Standard for Social Housing
ESA: Energy Service Agreement
EPC: Energy Performance Certificates, or Energy Performance Contract
ESCo: Energy service company
ESG: Environmental, social and corporate governance
EST: Energy Savings Trust
FCA: Financial Conduct Authority
GFI: Green Finance Institute
GHFT: Green Heat Finance Taskforce
GP: General Practitioner
GPSEDS: Green Public Sector Estate Decarbonisation Scheme
HaaS: Heat as a Service
HEEPS ABS: Home Energy Efficiency Programmes Area-Based Schemes
HES: Home Energy Scotland
HiB: Heat in buildings
HM Treasury: His Majesty’s Treasury
HNF: Heat Network Fund
HNSU: Scotland’s Heat Network Support Unit
IFC: International Finance Corporation
IMLA: Intermediary Mortgage Lenders’ Association
JV: Joint venture
KfW: Kreditanstalt für Wiederaufbau
LA: Local Authority
LBTT: Land and buildings transaction tax
LCITP: Low Carbon Infrastructure Transition Programme
LES: Local Energy Scotland
LHEES: Local heat and energy efficiency strategies
LTV: Loan to Value
MCS: Microgeneration Certification Scheme
MoMU: Multiple Occupancy Multiple Use
NDEEF: Non-Domestic Energy Efficiency Frameworks
NDR: Non-Domestic Rates
NRW: German Bank
NSET: National Strategy for Economic Transformation
OFGEM: Office of Gas and Electricity Markets
OO: Owner Occupier
PAS: Publicly Available Specification
PLF: Property Linked Finance
PRS: Private rented sector
PSU: Project Support Unit
PWLB: Public Works Loan Board
RLF: Revolving loan fund
RSL: Registered Social Landlord
SCDI: Scottish Council for Development and Industry
SHNZHF: Social Housing Next Zero Heat Fund
SMEs: Small and medium-sized enterprises
VAT: Value Added Tax
ZDEH: Zero direct emissions heating
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