Support for energy efficiency and new UK ETS

The pre-Budget report outlines a range of measures to boost energy efficiency and promote carbon storage

An additional £35 million funding will go to the Carbon Trust to encourage investment in energy efficiency among SMEs and in the public sector. But more radical steps were proposed in two other reports launched yesterday under the Government’s energy efficiency innovation review:

  • A Carbon Trust report proposes a new wide-ranging emissions trading scheme for larger business and public sector organisations which are outside the EU trading scheme. Along with other measures, this could reduce carbon emissions by 10% by 2010 and 20% by 2020.
  • An Energy Saving Trust report calls for new measures to promote energy efficiency in households, including an increase in the future level of the Energy Efficiency Commitment on suppliers and consideration of a cap on the amount of energy supplied.

    The Pre-Budget Report also announced that climate change agreements have been approved for the heat treatment of metals and the production of calcium carbonate based mineral products, industrial gases and kaolinitic clay. A new £10 million fund has been set up for carbon abatement technology demonstrators, and a consultation was launched on developing carbon capture and storage technologies with Norway.

    There will be a 100% first year enhanced capital allowance for biofuels plant meeting qualifying criteria, subject to EU approval, and a reduced VAT rate on biomass boilers has been extended.

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