A crude carbon tax rebate would be a missed opportunity

Article by Ben Caldecott

Done right, support for energy intensive industries could help green our economy. But at worst, it'd just be a carbon tax rebate for our worst polluter, writes Ben Caldecott, head of European policy at Climate Change Capital.

"Ministers should abolish a carbon tax that was only announced in April, the head of the manufacturers' association told the Financial Times on Monday. Yet the Treasury and the Department for Business, Innovation and Skills (BIS) are already busying themselves with the preparation of a package of measures to support energy-intensive industries affected by the tax, such as steel, aluminium, chemicals and paper. Details are due in the autumn, but its objectives are already clear: to reduce the impact of the carbon tax, which was introduced to make polluters pay for a greater proportion of the pollution they create..."

Read the Guardian CIF article

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A crude carbon tax rebate would be a missed opportunity

Done right, support for energy intensive industries could help green our economy. But at worst, it'd just be a carbon tax rebate for our worst polluter, writes Ben Caldecott, head of European policy at Climate Change Capital.