Climate change policies 'eroding' competitiveness, say manufacturers

Will Nichols
clock

Industry association EEF says by 2020 UK companies could be paying significantly more for energy than overseas competitors

Manufacturers have today warned the UK's climate change policies are eroding any competitive advantage they enjoy over other countries by disproportionately pushing up the price of energy. The lack...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Policy

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

Feeling stressed? Bank of England warns climate risks to become 'persistent drag' on profitability

A top HSBC executive may have downplayed the threat posed by climate risks, but the Bank of England's new stress test exercise suggests financial firms' profits would be hit

James Murray
clock 24 May 2022 • 8 min read
Schroders backs shareholder demands for emissions cuts from oil and gas giants

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Chevron, ExxonMobil, and Shell urged to do more to decarbonise the energy industry and keep Paris Agreement targets alive

clock 24 May 2022 • 2 min read
Chancellor Rishi Sunak visits a petrol station after annoucing a freeze in fuel duty | Credit: Treasury, Flickr

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

Cecilia Keating
clock 24 May 2022 • 4 min read