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ARTICLE · 25 JUNE 2010

The Grass Can Always Be Greener...

MacRoberts
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Despite the new Government's pledge to be the "greenest government ever", their first Budget failed to include any specific measures for the renewable energy industry.

United KingdomEnergy and Natural Resources
Nick Jones
Nick Jones
Ainsley MacLaren
Ainsley MacLaren
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Despite the new Government's pledge to be the "greenest government ever", their first Budget failed to include any specific measures for the renewable energy industry.  Instead, the Government confirmed it would assess the energy tax framework to provide incentives for investment and repeated its commitment to moving the UK towards a secure low-carbon economy by 2020.  There were a few green energy measures contained in the Budget Report and these are summarised below. 

  • Climate Change Levy: The Government will publish proposals to reform the Climate Change Levy in order to provide more certainty and support to the carbon price.  These proposals will be published in the autumn, with legislation expected to follow in 2011. 

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