Autumn Statement 2012
| Author | : Great Britain: Parliament: House of Commons: Environmental Audit Committee |
| Publisher | : The Stationery Office |
| Total Pages | : 80 |
| Release | : 2012-11-20 |
| ISBN-10 | : 021505072X |
| ISBN-13 | : 9780215050724 |
| Rating | : 4/5 (2X Downloads) |
Book excerpt: A Treasury led 'dash for gas' could make the UK's carbon targets under the Climate Change Act unachievable. The Committee is calling on the Government to restore investor confidence in the future direction of energy policy by setting a clear decarbonisation objective in the forthcoming Energy Bill to clean up the power sector by 2030. Ongoing policy uncertainty could mean that the UK loses out on millions of pounds of green investment. Global competition for green growth is fierce and the UK is competing with other countries to secure renewables investment. The Committee heard a variety of suggestions to boost take-up of energy efficiency measures in its inquiry on the Autumn Statement and received suggestions for new environmental taxes that could be implemented to help deliver the Coalition Agreement commitment to increase the proportion of tax revenues accounted for by environmental taxes
