UK business warns against green taxation

UK Business organisation CBI’s director general John Cridland has said that green taxes places on cement and steel may be double taxing the environment. He said that a large proportion of the green taxes raised to ensure that one third of the UK's electricity is obtained by 2020 from wind power are counterproductive. According to Cridland, the steel and cement industries are being increasingly taxed even though they are key suppliers for wind turbine manufacture and installation. He has called for the UK go
March 28, 2012 Read time: 1 min

UK Business organisation 4481 CBI’s director general John Cridland has said that green taxes places on cement and steel may be double taxing the environment. He said that a large proportion of the green taxes raised to ensure that one third of the UK's electricity is obtained by 2020 from wind power are counterproductive.

According to Cridland, the steel and cement industries are being increasingly taxed even though they are key suppliers for wind turbine manufacture and installation. He has called for the UK government to exempt these industries – as well as other struggling manufacturing sectors – from the Carbon Price Support scheme.

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