CRC Taxes go up 30% & New Energy Efficiency Programmes Announced
Here are the headlines from the Chancellor, George Osborne's Autumn Statement relating to carbon & environmental issues in your business.
- Carbon Reduction Commitment (CRC) allowance prices in 2014-15 will be priced at £15.60 per tonne of carbon dioxide in the forecast sale and £16.40 per tonne of carbon dioxide in the buy to comply sale.
- Climate Change Agreements (CCA) to be introduced for data centres by end 2013
- Climate Change Levies (CCLs) : exemption for mixed use fuel – The government will introduce a mixed use exemption from the climate change levy for solid fuels used in certain gasification processes.
- New schemes worth £540 million over 3 years that will boost energy efficiency even further for home-movers, landlords and public sector buildings
- Provide an additional £90 million over 3 years to improve the energy efficiency of schools, hospitals and other public sector buildings.
- Maintain the differential between the main rate of fuel duty and the rate for road fuel gases such as Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) for 10 years
- Fuel duty incentives
- £5million investment during 2014-15 in a large scale electric vehicle readiness programme for public sector fleets
- A new tax allowance to kick start the exploitation of onshore oil and gas (including shale gas) in the UK
Speak to our consultancy team on: +44 (0)1256 345 645
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