Budget 2011: Osborne poised to ditch CCS levy

BusinessGreen staff
clock •

FT reports suggest budget will scrap plans for carbon capture levy in favour of electricity market reforms

Chancellor George Osborne is tomorrow expected to confirm that plans for a new levy on energy bills that should help fund three carbon capture and storage (CCS) projects will be ditched. According to...

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

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Ecotricity's Paul Bowtell: 'The planet's survival should not be a political football'

The UK-EU energy and emissions trading agreements can drive more affordable energy

More on CCS

Reaching net zero will require CCS - but only in a limited role
CCS

Reaching net zero will require CCS - but only in a limited role

Tony Blair has called for a shift from reducing emissions to capturing them - but the reality is that CCS is no panacea for decarbonisation, writes the Carbon Trust's Simon Retallack

Simon Retallack, Carbon Trust
clock 07 May 2025 • 4 min read
Liverpool Bay: Eni and government finalise deal for 'world's most advanced' CCS project
CCS

Liverpool Bay: Eni and government finalise deal for 'world's most advanced' CCS project

Major CCS project could store up to 10 million tonnes of CO2 a year in the 2030s, according to developers

Amber Rolt
clock 24 April 2025 • 5 min read
Heidelberg Materials given green light for carbon capture system at Wales cement factory
CCS

Heidelberg Materials given green light for carbon capture system at Wales cement factory

Once operational in 2029 the project is expected to capture 'almost all' of the CO2 emitted from the firm's existing Padeswood cement manufacturing site

Amber Rolt
clock 09 April 2025 • 2 min read