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The Low Carbon Economy Ltd

22 Apr 2009 06:04:04

Darling announces green initiatives in UK Budget

Darling announces green initiatives in UK Budget
Alistair Darling has announced a package of green initiatives worth hundreds of millions of pounds, committing to cut Britain's carbon dioxide emissions by 34 percent by 2020.

At his second annual Budget statement on April 22nd, the chancellor of the exchequer revealed that the government will set aside £1.4 billion for additional, targeted support in the low carbon sector.

Claiming that the new measures make up the world's first 'carbon budget', Mr Darling proposed to position the UK as a global leader on green initiatives with £525 million of new financial support over the next two years for offshore wind schemes.

"The credit squeeze is holding back major offshore wind projects. I want to lift the barriers," he said, adding: "The potential is enormous."

Mr Darling announced £435 million for energy efficiency measures in "homes, businesses and public buildings", as well as a new funding mechanism to support carbon capture and storage projects.

The Budget contained a two pence increase in the duty placed on fuels, which will come into effect from September 1st. Between 2010 and 2013, fuel duty will rise annually by a further one pence per litre in real terms.

It was estimated that this extra taxation will encourage savings of two million tonnes of carbon dioxide emissions per year by 2013 to 2014.



Discussion Thread  

Biomethane wrote:

24 Apr 2009

Why is the UK Government insisting on using electric vehicles and wind farms as the major forms of alternative fuels. The UK is a leader in the development of carbon neutral biomethane fuels derived from landfill. urban commuter vehicles (Taxis and vans etc) have been demonstrated with biomethane fuelling to give effective zero carbon, well to wheel cheaper, quieter running (diesel) fuel derived from landfill waste, also "made in England" near major cities from their waste.. Why not support this very valuable initiative instead of spoiling the countryside with ineffective windfarms and electric powered vehicles, which could cause urban blackout?

Discussion Thread  


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