Well, this was a ‘subsidy’ that they kept very quiet about.
By Paul Homewood
It seems the greenies are all up in arms that the Chancellor has removed the exemption from the Climate Change Levy for renewable energy providers.
The levy was originally introduced in 2001 as a charge to businesses on their electricity bills, intended to incentivise them to save energy, rather than encourage renewable provision.
Unsurprisingly, the subsidy sharks in the renewable sector are furious that they won’t be able to make quite as much money:
The UK’s renewable energy sector has attacked Government plans to change the rules governing the Climate Change Levy – a measure which was originally designed to promote the generation of clean energy.
RenewableUK, the trade association representing the wind, wave and tidal energy industries, strongly criticised the Chancellor’s announcement in his budget speech that he is retrospectively removing the exemption for green energy.
RenewableUK’s Director of Policy, Dr Gordon Edge, said: “The…
View original post 447 more words