Following changes introduced by the European Commission, for the first time European funding will be used to support investments in energy efficiency and renewable energy generation measures.
The move will help cut carbon emissions and fuel bills as well as providing a major boost to support green jobs in Wales.
The funding will be targeted at those living in the most deprived communities in Wales. It will also contribute to the Assembly Government’s commitment to cut annual emissions by three per cent a year from 2011.
Jones said: ’Improving energy use in the home is an important step in the delivery of our Green Jobs Strategy for Wales, developing skilled jobs for local people. Domestic energy efficiency is a growing industry and we have the opportunity to position Wales at its forefront through this investment.’