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Treasury

Offshore wind: Report warns 'inflexible' rules risk stifling developers at £1.5bn cost to UK bills

Wind

Offshore wind: Report warns 'inflexible' rules risk stifling developers at £1.5bn cost to UK bills

Concerns continue to mount that next month's Contracts for Difference auction may fail to deliver on UK ambitions for offshore wind capacity

clock 17 August 2023 • 5 min read
'The fiscally responsible choice': Labour clarifies plan to deliver £28bn in annual green investment by 2027

Politics

'The fiscally responsible choice': Labour clarifies plan to deliver £28bn in annual green investment by 2027

Party insists it remains fully committed to borrowing to invest in UK green economy if it wins next election, but acknowledges it will not achieve £28bn target until second half of Parliament

clock 09 June 2023 • 6 min read
'Walking into a trap': Could the hydrogen levy actually hinder hydrogen development?

Energy

'Walking into a trap': Could the hydrogen levy actually hinder hydrogen development?

Report from Onward warns hydrogen levy could raise household bills by 10 per cent to £118 which it has branded as “unfair” and proposes alternative

clock 22 May 2023 • 8 min read
'Illogical': UK tax rule penalising cars converted to electric, campaign group warns

Automotive

'Illogical': UK tax rule penalising cars converted to electric, campaign group warns

FairCharge demands changes to Treasury rules that mean formerly fossil-fuelled cars converted to electric powertrains still face higher charges

clock 11 May 2023 • 5 min read
Government plots tweaks to Plastic Packaging Tax to boost chemical recycling efforts

Recycling

Government plots tweaks to Plastic Packaging Tax to boost chemical recycling efforts

Changes aimed at driving more investment into advanced processes that use chemicals to break down plastic into feedstocks for making new materials

clock 28 April 2023 • 2 min read
Treasury announces review of battery storage VAT anomaly

Solar

Treasury announces review of battery storage VAT anomaly

Solar industry celebrates as Treasury promises to explore whether to extend zero VAT rating

clock 17 March 2023 • 3 min read
Budget 2023: Green announcements at a glance

Taxation

Budget 2023: Green announcements at a glance

From carbon capture and nuclear funding to Investment Zones and plans for a new Net Zero Strategy - here is our all-you-need-to-know green business guide to the Spring Budget 2023

clock 15 March 2023 • 9 min read
Investment Zones: Budget to feature plan to unlock 12 'growth areas' across the UK

Investment

Investment Zones: Budget to feature plan to unlock 12 'growth areas' across the UK

The Treasury is planning to provide regional zones with £80m in tax incentives and government funding to help drive investment in key areas, including green business and technology

clock 13 March 2023 • 4 min read
Budget: Pressure mounts on government to 'get behind' Britain's EV sector

Automotive

Budget: Pressure mounts on government to 'get behind' Britain's EV sector

Following government confirmation Budget will back new carbon capture projects, the automotive industry warns tax incentives, workforce upskilling, and green energy investment is all needed to stop the UK falling behind in global electric vehicle race...

clock 13 March 2023 • 6 min read
Reports: UK seeking to define nuclear power as 'green' investment

Nuclear

Reports: UK seeking to define nuclear power as 'green' investment

Move comes alongside reports EDF is looking to extend operation of two UK nuclear power plants until 2026 in response to energy security concerns

clock 10 March 2023 • 2 min read
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