The new coalition government is almost literally banking on the green vote as part of initiatives announced in the Queen's speech. As well as promising a new energy bill in the next parliament, the Conservative and Liberal alliance said it would set up a green investment bank so that householders will be entitled to borrow money to pay for carbon-reducing measures. The idea is called a "pay-as-you-save" approach. Households would repay the loan using money saved through lower energy bills.