Environment Protection: Taxation
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of green levies on business competitiveness.
Answered by Miatta Fahnbulleh
The Government believes that our mission to deliver clean power by 2030 is the best way to break our dependence on global fossil fuel markets and protect businesses permanently. Policy costs on energy bills are essential for funding key environmental policies which enable the UK to transition to a secure, low-carbon energy future. This shift to renewables is making energy cleaner, more stable, and cheaper in the long run.
The clean energy transition is the economic opportunity of the 21st century. It is our chance to build up the industries of the future right here at home. That is why we have announced that from 2027 a new Industrial Strategy Energy Support Scheme will help over 8,000 businesses see their electricity costs drop by around 20-25%.
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