Green Taxes

by

The Chancellor announced:

  • £400 million additional support for offshore wind projects.
  • doubling the funding commitment to support four Carbon Capture and Storage demonstration projects, enabling £14 billion of investment;
  • ensure the UK is ready to face the challenges of the transition to a low carbon economy by creating Infrastructure UK;
  • £140 million of additional venture capital for innovative low-carbon businesses.
  • the Greener Boiler Incentive scheme offering £400 to households with the least efficient working boilers to upgrade to the highest efficiency models, saving households around £230 a year in energy bills;
  • £200 million more for Warm Front and increasing energy company support for the poorest from £150 million to £300 million each year by 2013-14.
  • In addition enhanced capital allowances are announced for electric vans, as well as reduced company car tax for electric vehicles.

    Advertisements

    Leave a Reply

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s


    %d bloggers like this: