A Look at UK Energy Policy If the Tories Take Control SolveClimate (blog)

26.04.10

Renewable Finance

All three major parties have called for a green investment bank to fund low-carbon energy economy transformation. Under the Conservatives, the bank would consolidate existing funding mechanisms for the low-carbon energy economy, the Carbon Trust and the Marine Renewables Deployment fund. The Bank would act as a market intermediary to inject public funds and help to reduce the riskiness of investment in low-carbon technologies.

The Conservatives also include in their version of a Green bank a recycle bank, funded through reforming the landfill tax, which would encourage local councils to pay citizens to recycle instead of taxing for recycle pickup. The Conservatives also propose to alter the tax on the airline industry from consumers (pay per passenger) to airline (pay per plane, distance).

Further funding for investment would come from Green Bonds and Green ISAs sold to consumers and business. Notably, these bonds and savings accounts are supported by all three major parties, as are household subsidies to improve energy efficiency.

Source:

renewable energy degree - News

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