Green Budget 2012: Carbon Reduction Commitment to be reformed or axed

Jessica Shankleman
clock

George Osborne pledges to axe "cumbersome" green tax system and replace with new environmental levy if it cannot be reformed by autumn

Chancellor George Osborne has pledged to replace the unpopular Carbon Reduction Commitment (CRC) with a simpler green tax system if the current scheme cannot be simplified within the next six months...

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

'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
'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling

'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling

Ministers accused of 'doubling down' on tax system that penalises millions of drivers without access to home charging

Stuart Stone
clock 22 April 2026 • 5 min read
'It has done its job': Government to scrap UK carbon tax on electricity

'It has done its job': Government to scrap UK carbon tax on electricity

Government confirms plans to remove Carbon Price Support from April 2028 and reveals work is continuing to limit influence of gas in setting wholesale power prices

Michael Holder
clock 17 April 2026 • 6 min read