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The Low Carbon Economy Ltd

22 Jun 2010 05:06:20

Survey shows businesses confused about green policies



Survey shows businesses confused about green policies
A lack of clarity remains in the business community over the UK's environmental policies, a new survey has revealed.

Research by PriceWaterhouseCoopers revealed that two-thirds of businesses in Britain believe that current green policy is unclear and would not feel comfortable making any investment decisions based on the existing regulations.

There was also confusion over environmental tax incentives and, of those who were aware they could apply for such financial breaks, 75 percent said the process was "too onerous to make them worth applying for".

Some 94 percent of business believe that climate change policy will impact on their business in the next two or three years.

Mark Schofield, global leader of sustainability and climate change tax, said: "The business appetite for leadership is there. As with many tax and regulation issues, the call for action is for one of simplification, clarity and long-term certainty."

The results of the survey come as a report by The Work Foundation suggests that a lack of clarity over the low carbon economy as a whole could be having an adverse effect on the development of green skills and may be "eroding Britain's competitive advantage".ADNFCR-1235-ID-19852298-ADNFCR


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