UK Carbon Plan Altered to Become 'Green Tax'

Data Center Knowledge (Oct 22 2010) Carbon Reduction Commitment , Carbon Tax , Cloud Computing

1. The UK’s Carbon Reduction Commitment (CRC) is being “reformed” so that the Treasury keeps revenue raised through the carbon pricing scheme, rather than using revenues to offer rebates to companies that reduce their carbon output. The British government is citing a budget deficit as the driving factor in its decision to restructure the program. “Revenue raised from the CRC Energy Efficiency Scheme will be used to support the public finances (including spending on the environment), rather than recycled to participants,” the statement said. The UK government will now collect about ₤1 billion per year (US $1.57B) that was initially slated to be recycled to CRC participants. (Read Full Article)

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