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

More on CCS

Veolia and Sheffield City Council successfully trial 'UK first' carbon capture technology
CCS

Veolia and Sheffield City Council successfully trial 'UK first' carbon capture technology

Waste, water, and energy giant to capture up to a tonne of CO2 daily at the Sheffield Energy Recovery Facility

Stuart Stone
clock 04 August 2026 • 4 min read
UK and Belgium ink agreement to facilitate cross-border CO2 transport and storage
CCS

UK and Belgium ink agreement to facilitate cross-border CO2 transport and storage

New Memorandum of Understanding marks first London Protocol carbon storage agreement UK has reached with another country

Stuart Stone
clock 18 June 2026 • 4 min read
Plans unveiled for Teesside to host 'world's largest' direct air capture plant
CCS

Plans unveiled for Teesside to host 'world's largest' direct air capture plant

Consortium of clean tech groups form Union DAC and announce plans to develop large scale carbon removal plant

clock 11 June 2026 • 2 min read