Articles filed under Taxes & Subsidies from UK
Green issues are no longer the preserve of sandal-wearing activists. They have entered the mainstream business world and galloped up the boardroom agenda. At the same time, booming markets for trading carbon credits, effectively created by the Kyoto treaty in 1997, have attracted scores of investors focusing on green- energy projects.
A £6m fund to boost renewable energy in the east of Scotland has been unveiled by the Scottish Executive. It came as Deputy First Minister Nicol Stephen said more Scots companies should be branching into the sector. The Sigma Sustainable Energies Fund, backed by the public and private sector, will see successful companies receive as much as £500,000.
May I draw attention to two relevant issues in the wind energy debate: 1) Radar and 2) Renewable Obligation Certificates.
As outlined in its newly-published energy review, the UK government has announced that its policy instrument of choice to encourage new nuclear build is a strong carbon market in Europe. If the European market is unable to deliver this, then additional UK incentives will be introduced to prop up the value of emission credits.
Energy group E.ON is leading calls for the Government to give tax breaks to people who have installed insulation and double glazing in their homes.
The EU's carbon credit trading system is in crisis. Edward Simpkins reports on its pitfalls and how they might be rectified
Mr Rigden, editor of ReNews newsletter, said offshore wind was likely to be “an industry for the next decade rather than this one”.
Deputy First Minister Nicol Stephen announced some extra funding for green energy systems in Scotland's homes recently, during the launch of a SCHRI-funded water-sourced heat pump at New Lanark Heritage Site. The £3m over two years will go to the Scottish Community and Householder Renewables Initiative (SCHRI) to fund small-scale projects.
The Renewable Energy Foundation has consistently argued that the current subsidy system is resulting in an unbalanced deployment of renewables and will neither produce a healthy long term future for this sector, nor an economically compelling example of low carbon energy generation.
...neither ScottishPower nor energy minister Allan Wilson bothered to mention that it will cost electricity users more than £700,000 a week (£38m per year) in subsidies (equivalent to £190 per "household" per year).
In his first major speech on climate change David Cameron will outline Conservative plans to replace Labour's Climate Change Levy with a new, more effective and better targeted Carbon Levy.
If wind energy really is the energy of the future, as the developers claim, it must prove itself in the market without government subsidies. This has not yet happened anywhere; the projections are all based on artificial models with hidden costs -- costs for you and me, the taxpayers and consumers.
WEST Devon and Torridge MP Geoffrey Cox has launched a probe into the amount of public money spent by the Government to subsidise companies who develop wind farms. Mr Cox's Parliamentary Questions will form part of the latest stage in his campaign in support of the thousands of local residents who object to the siting of two wind farms in his constituency.
Britain's booming wind farm industry is grinding to a halt because a lucrative tax break in America is fuelling massive demand for new wind installations across the Atlantic.
E.ON UK has delayed construction on two of its 100MW offshore wind farms, stating the schemes are not financially viable. This is a problem for the company, as it needs renewable power assets to meet its renewables obligation. For offshore wind as a whole this is a major blow, as it suggests that the renewables obligation is not providing enough of a subsidy to cover the economics of new farms.