UK’s carbon capture and storage could be worth £20 billion in the next ten years, according to a new report

The Government has opened a consultation on how to let big energy users off the hook when it comes to paying for parts of the electricity market reform. In a statement today DECC and BIS said the measure is to stop CfD costs posing “significant risk to UK competitiveness”. The departments are working out how […]

Instead of shrinking the UK’s carbon footprint has actually grown, the government’s climate change advisors claimed today. In its latest report the Committee on Climate Change found emissions reductions of around 20% over the last two decades has limited growth in the UK’s carbon footprint. However despite this the report also estimates the carbon footprint […]

Members of the European Parliament today rejected a crucial measure to stop a flood of allowances for carbon emissions sweeping the market. MEPs voted against ‘back-loading’ carbon permits, which would have withheld 900 million permits from the EU’s flagship Emissions Trading Scheme and helped prop up the price of carbon. Firms in large energy intensive industries […]

Energy intensive industries which are in line to get £250 million from the Government to counter the cost of emissions taxes must not use this cash to add to “windfall profits”, MPs declared today. The Treasury allotted £250million to firms which have to use huge amounts of energy in their industrial processes in the 2011 […]

Major energy users won’t have to pay for new low carbon schemes in the Energy Bill and will be getting a bumper £250million to counter existing energy costs, the Government revealed today. While the long-overdue Bill trundles into parliament with support for low carbon energy, the Department of Energy and Climate Change has arranged some […]

Firms in energy, transport and manufacturing are concerned the Government is “moving the goalposts” on low carbon policy, according to a new report from the Institute for Public Policy Research (IPPR). The left-leaning thinktank says British industries which produce the largest chunk of emissions don’t think they’re getting the “stable” and “consistent” policy signals needed. […]

BIS is calling for evidence from businesses affected by rising energy prices as a result of climate change policies to help the Government target funds from the Energy Intensive Industries (EII) Package. Last year it was announced energy intensive users will get a £250 million package from the Government to counter rising electricity bills. It […]

Energy intensive manufacturers should be exempt from the Carbon tax says the CBI otherwise we risk making the UK uncompetitive. In a new report published today, it said the Government had to ensure energy-intensive manufacturers are not undermined by rising costs and climate change energy policies. The report entitled Protecting the UK’s Foundations: a blueprint […]