EEF calls for climate change policy review
1 min read
The EEF has called on the government to build on recent progress by implementing a full review of its climate change taxation and regulation policy ahead of the next Spending Review.
Westminster also needs to take steps to ensure that its Energy Bill takes the most cost effectiveness to developing the next generation of low carbon energy, says the manufacturers' organisation EEF.
EEF made the call on the back of an assessment six months on from the publication of its own proposals, 'Green and Growth: Solutions for Growing a Green Economy'. EEF Chief Executive, Terry Scuoler, said Britain faced major challenge to de-carbonise its economy and strengthen economic growth but this would only be possible if it took a more cost effective approach. Climate change policies added 20% to electricity prices for business, rising to nearly half by 2030.and the government's Energy Bill must address this.
Scuoler continued: "We also need a simpler and more coherent approach to climate change with a full review of the current set of tax and regulation measures, starting with reforms to the Carbon Reduction Commitment."
EEF is calling for stronger statutory safeguards to control the costs of the new Feed-in Tariffs, a target of introducing technology neutral-auctions for low carbon energy by 2020 rather than its current aspirations for the mid 2020s and further steps to reduce the exposure of energy-intensive industries to higher electricity prices.
