Carbon roundup

Government should move away from green taxes which penalise businesses and instead use tax incentives to reduce carbon according to a new report published by EEF, the manufacturers’ organisation. The report, ‘The Low Carbon Economy – From Stick to Carrot’ forms EEF’s response to the review of carbon taxes announced by the Chancellor in the Budget Statement and comes ahead of climate change talks in Paris later this year.  “The current system of energy taxation is too complex and is hurting Britain’s competitiveness. So instead of simply hitting firms with the big stick of ever-higher carbon taxes and levies, we should be offering them the carrot of tax breaks to invest in advanced low carbon technologies,“ said EEF director of policy Paul Raynes.