Low carbon lifestyles could save money.

Lifestyles today can be incredibly wasteful, through no fault of our own - the products, services and systems we use were not designed with carbon dioxide emissions in mind.

Even though energy prices per unit might go up in future, we could save money by using less energy, through insulating our homes, using top-rated appliances and installing smart systems like the Electric Domestic to ensure homes are run as efficiently as possible.

Products are more likely to be built to last, avoiding waste and reducing manufacture costs. So we are likely to spend less time and money replacing worn out appliances at home.

There will be more opportunities to share resources, from energy generation to powerdrills, through schemes such as Locality, helping us to get access to more at less expense.

There will be far less waste in the economy as a whole. More efficiency in business and in how public services are delivered - for example by sharing distribution systems - will lead to cost savings that can then be passed on to consumers.