Manufacturers call for rethink on green taxes
The government should move away from green taxes that penalise businesses and instead use incentives to reduce carbon, manufacturers’ organisation EEF has said. In a report published on Monday 14 September, the organisation said that the Carbon Price Floor would cost energy users an estimated £23bn between 2013-20 but that only £6.5bn of this would achieve its intended aim of supporting investment in renewables. The Carbon Reduction Commitment energy efficiency scheme was estimated to cost businesses almost £900mn in 2015-16 alone. The report said that an energy efficiency tax discount would better drive investments in energy efficiency.