The Government is planning to give some of the UK’s most polluting industries a £130m exemption from helping to fund new renewable technologies, which will “heap costs” onto small companies and households, environmentalists have warned. Subsidies for the two cheapest forms of green electricity, onshore wind and solar, have been respectively scrapped and slashed to the bone, but financial support is still available for offshore wind and other emerging technologies – to a large degree because of the potential benefits to the economy. This is funded by electricity bill payers and the Government has expressed concern about the effect on “energy intensive industries”. According to the new plan, these companies would be given an exemption because having to pay extra “can undermine competitiveness”. However Gareth Redmond-King, head of climate and energy policy at WWF-UK, pointed out that this “disappointing decision” would mean other bill payers would end up paying more and reward firms that are contributing more than most to global warming.
Independent 20th July 2017 read more »