Friday, 25 March 2011

Green Shoots in the Budget?

Introduction of a carbon price. This is a radical announcement and reinforces the Government’s ambition to be the greenest in UK history; however, the price must be set at a level that drives green innovation and the starting rate does appear too low.

Our Agents, Smiths Gore, "welcome any announcement that gives greater certainty to green investment, including the tripling of the Government finance for the Green Investment Bank. Delaying the Bank’s right to borrow money to 2015 is negative and will be criticised by the renewables industry, which will have wanted greater potential for expansion. "

Perhaps not?

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