"Longer Term Certainty Still Needed on CRC" says IEMA Following Autumn Statement

06/12/2012

IEMA has declared elements of the Chancellor's Autumn Statement as steps in the right direction but says greater clarity is still required regarding the CRC Energy Efficiency Scheme.

The Chancellor’s statement on the CRC fails the business test for long term policy certainty. Setting a carbon price until 2016 for CRC is a step in the right direction in giving business an allowance price against which they can invest in energy efficiency. However a further review planned for 2016 with the stated intent of removing the tax element undermines the ability for business to optimise investment for the long-term.”

We still urgently need a long term consistent policy framework to provide businesses with the confidence to invest in low carbon and energy efficient improvements. A further review in 2016 undermines this.”