Fiscal green hole: Is the UK tax system fit for net zero purpose?

James Murray
clock • 8 min read
Electric vehicles represent a $7tr market opportunity by 2030 alone, according to BNEF | Credit: iStock
Image:

Electric vehicles represent a $7tr market opportunity by 2030 alone, according to BNEF | Credit: iStock

Treasury urgently needs to provide green tax roadmap that can boost investor certainty and enable net zero transition, Green Alliance report argues

There has been a lot of debate lately about the ‘fiscal black hole' the UK is facing, whether it exists, how big it is, and how best to fill it. But missing from this discussion has been the likely impact...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Taxation

Greenpeace: Oil and gas tax breaks could have funded school and hospital solar rollout five times over

Greenpeace: Oil and gas tax breaks could have funded school and hospital solar rollout five times over

Campaign group claims tax revenues foregone through fossil fuel industry tax breaks could have helped insulate every fuel-poor home in England or bankroll school and hospital solar installations

Stuart Stone
clock 15 June 2026 • 6 min read
Reports: Chancellor to scrap planned fuel duty increase

Reports: Chancellor to scrap planned fuel duty increase

Green campaigners angered, as government set to respond to spike in oil prices by cancelling long-planned increase in fuel duty

James Murray
clock 18 May 2026 • 5 min read
'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

The Conservatives and Reform have said they would axe carbon taxes, but Energy UK warns such a move would result in new trade barriers and higher gas prices

James Murray
clock 07 May 2026 • 6 min read