Hostility to climate change levy grows_2
17 August 2012
Hostility to the UK’s climate change levy is growing among power buyers, who fear that US back-tracking on its green commitments made in 1997 has burdened British industry with an unfair tax that will increase gas and electricity costs by up to 20 per cen
On 1 April, the UK became the first western industrial nation to introduce the levy, in line with its protocol commitments agreed in Kyoto, Japan four years ago.
“The general assumption has been that a levy will be adopted by other countries, but it is far from clear that this is going to happen,” said Jeremy Nicholson, economic adviser to the Energy Intensive...