Carbon reduction commitment

Kiran Stacey

In the first of a new series of readers’ Q&A sessions, Sara Vaughan, Eon UK’s head of energy policy and regulation, took on the burning questions you wanted answering. Below are her thoughts on how the UK measures up on low-carbon energy, the limitations of a carbon floor price and why the carbon reduction commitment might be better off as a tax. Read more

Kiran Stacey

Here at the CBI’s climate change summit, most of the anger towards government has centred on the changes to the carbon reduction commitment (CRC), which has seen money originally earmarked for businesses with good environmental performances going to the Treasury instead. The BBC’s Roger Harrabin summed up the feeling in the room when he described it as the government “nicking your CRC dividend”.
So business leaders are relieved to hear Chris Huhne, the energy secretary, make some concessions today.  Read more

Kiran Stacey

The director general of the CBI, the foremost British business lobby group, has been outlining this morning his vision of where the UK business sector is in meeting its climate change commitments.
Speaking at the CBI’s climate change summit in London, Lambert made a fairly downbeat assessment of what has been achieved in the past three years. And he had two simple messages for UK policymakers: be consistent and stop hyping green jobs. Read more