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Energy bills: Why household finances and business certainty will still suffer under Jeremy Hunt's extended plan

Business Green

Among the grim news in Jeremy Hunt's recent autumn statement was an attempt to square the circle on energy bills. Funding for the Energy Price Guarantee that aims to limit household energy prices will continue throughout the 2023-24 financial year. For businesses, the announcement brings even less certainty.

Energy 36
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Spring Statement: Sunak fast-tracks tax relief for businesses investing in clean heat and power

Business Green

Chancellor Rishi Sunak has announced plans to bring forward by a year a series of planned tax reliefs for businesses looking to decarbonise their buildings, as one of a flurry of measures designed to boost corporate investment that was announced as part of today's Spring Statement. Something is not working.".

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Government confirms plans for £1bn ECO+ energy efficiency scheme

Business Green

The new schemes are likely to be broadly welcomed by green groups that have long argued for a more ambitious energy efficiency programme to help reduce energy bills and carbon emissions, while also bolstering energy security. Rishi Sunak wants to crawl towards warmer homes and cheaper bills for our country.

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'Powering Up Britain': Government aims to trigger 'Green Day' investment blitz

Business Green

The package of measures is designed as a response to a ruling last year from the High Court that the UK's current Net Zero Strategy is "inadequate" and as such is in breach of the Climate Change Act.

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Government confirms renewables windfall tax plan, delays business support decision

Business Green

"This is an exceptional and time-limited measure that responds to the effect that unique geopolitical events, when combined with structural challenges within in the UK market, are having on the prices being paid for electricity in the UK," the Treasury said.

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Budget 2023: Green announcements at a glance

Business Green

But with the UK now facing major competitive threats from the US, EU, China, and others as they all step up efforts to attract global green investment, the Chancellor was under huge pressure to deliver far more than just stability. Hunt said the move would help encourage more private backing for the UK's ambitious atomic energy plans.

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Global Briefing: Greta Thunberg backs legal challenge against Sweden's climate strategy

Business Green

Australian court blocks coal mine plans, Ireland promises beefed up climate strategy, and all the green business news from around the world. The group maintains it would have launched the legal action regardless of the results of this autumn's election. Swedish youth group launches legal challenge over government's climate plans.