2016 Budget sees streamlining of carbon taxes

This month’s Budget was a mixed bag, did the Chancellors budget announcement fail to deliver on green policies?

This month’s Budget was a mixed bag – as always. While it failed to deliver the hoped-for support for improving energy efficiency in SMEs, the Chancellor did announce that the Carbon Reduction Commitment (CRC) would be wound down as part of a move to streamline carbon taxes.

Delivering his eighth Budget announcement, the Chancellor also provided some positive news on carbon reporting regulations and the next Contracts for Difference (CfD) auction, and also confirmed new funding for energy storage and demand-side response technologies.

But the Chancellor failed to answer a number of other key green policy questions, read the key points points here.