GAMBICA calls for measured tax credits in response to UK Carbon Budget
Dr Philp argues that, while carbon reduction is a clear and present need, Government needs to address it in such a way that business in the UK remains on an equal footing with the rest of Europe. Dr Philp’s believes that putting energy saving technology in the spotlight will help achieve this.
“The carbon budget contained a lot of very sensible ‘what’ but not enough ‘how’,” argues Philp. “Energy saving technology is Europe’s biggest energy resource. I believe that creating the right environment for businesses to learn about its implementation should be a prime carbon objective”.
“There are tried and tested forms of technology that can help the UK meet the Government’s re-aligned target of a 50% emissions cut averaged across the years 2023 to 2027, compared with 1990 levels,” continued Philp. “It’s my belief that a tax incentive, probably in the form of a highly targeted credit, would be an excellent way of encouraging participation from business and industry.”
Dr Philp also made the following points:
- The objective should be to build towards a sustainable manufacturing economy that both reduces the UK’s carbon footprint and re-establishes its engineering industry on a global footing
- Government should work more closely with trade bodies who offer expertise in energy saving
- Britain’s manufacturing economy currently operates using aging equipment. Encouraging the replacement of this equipment with energy efficient alternatives should be high on the Government’s agenda.
Visit GAMBICA at www.gambica.org.uk.
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