Freezing Carbon Price Floor would undermine green economy move
Responding to the CBI's call today [Monday 3 March 2014] for the Carbon Price Floor to be frozen from 2015/16, Friends of the Earth's Economics Campaigner, David Powell, said:
"The CBI has been a strong supporter of urgent action on climate change, so its appeal to the Chancellor to freeze taxes on fossil fuel pollution is disappointing.
“The Carbon Price Floor isn't perfect, but weakening it would send a very bad signal to investors.
“Instead of freezing the CPF, George Osborne should use the funds raised to insulate homes and help industry become more energy efficient.
“If we want to reduce the threat of more extreme weather events battering Britain, UK businesses and industry must play their part in creating a world-leading, low-carbon and resource-efficient economy.”
Notes to editors:
1. Leading businesses with a combined turnover of nearly £200 billion wrote to the FT on Wednesday [27 February 2014], warning that climate change is due to make UK flooding more frequent – and calling for action on climate change: http://www.aldersgategroup.org.uk/news/2014#businesses-write-to-ft-flooding-emphasises-need-to-address-climate-change
2. Friends of the Earth are members of the Energy Bill Revolution campaign which is calling for the money the Chancellor receives in carbon taxes to be recycled to energy efficiency: www.energybillrevolution.org