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The Low Carbon Economy Ltd

15 Jun 2011 12:06:06

CBI calls for carbon floor price exemptions



CBI calls for carbon floor price exemptions
The director general of the Confederation of British Industry (CBI) has called on the government to offer exemptions from the carbon floor price for the most energy intensive industries.

Speaking at the CBI's energy conference, John Cridland said the organisation in principle supports the carbon floor price, however, he expressed concern this could have a profound impact on the industries which provide some of the components needed for the move to a low carbon economy.

Mr Cridland proposed the creation of a rebate system "linked to the energy intensive industries’ work on energy efficiency", saying sectors need more help on understanding how they can use renewable heat and energy from waste.

However, he conceded that for a rebate system to work a "flexible and future-proof exemption model" must be created to determine the different levels of support available for different industries.

"That's why a clear definition of energy intensives is so important: businesses need to receive rebates when they qualify as a risk, so that everything’s transparent and everything’s understood," he added.

The introduction of a carbon floor price was among the energy policies laid out in the coalition's programme for government.  ADNFCR-1235-ID-800579510-ADNFCR


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