Financing website's survey explores attitudes towards green solutions

Mon, 05 Feb 2007

A new survey has underlined the dilemma facing many banking customers with regards to making environmentally-friendly financing decisions.

According to a study of visitors to online financing website Fool.co.uk, 60 per cent claim to use energy-saving light bulbs in at least a quarter of the light sockets in their homes.

However, 96 per cent admit that they are not currently on a green energy tariff, such as those offered by Scottish Power, Powergen and npower.

David Kuo, head of personal finance at the financing website, has commented on the green dilemma.

"Consumers are frequently torn between a desire to help the environment and a need to be financially prudent," he said.

"Sadly, the two are often diametrically opposed."

Typically, green energy schemes source the majority of their electricity from renewable sources such as solar, hydroelectric and wind power.

David Cameron, the leader of the Conservative party, highlighted the issue of green energy solutions last year when he unveiled plans to install a wind turbine on his property.

It follows a sustained campaign to promote green issues by the Tory leader in 2006, which also included a trip to see the melting ice caps and a campaign to promote using bicycles instead of cars.

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