Pre-budget report: good news for environmental industries?
Alistair Darling's pre-budget report frequently made mention of a transition to a low carbon economy, but does it deliver the goods?
Aside from the rhetoric and assurances of green government, the Chancellor did make a few firm pledges.
First up is a potential boost for green building, with an extra £200m for Warm Front, a scheme to subsidise the retrofitting of insulation and more efficient heating in existing homes.
The extra cash in the pot will means work can be carried out in an additional 65,000 households.
There will also be an additional investment of £160m allocated to renewable energy and ‘low-carbon’ projects.
125,000 households will also benefit from tax breaks for installing micro-renewables and a boiler scrappage scheme, whereby they will get cashback for swapping old energy guzzling heaters for modern efficient models.
This will have environmental benefits whilst helping to stimulate the struggling building industry, as reported by edie in August.
Last on the cards is a nod to green transport, with electric cars to be exempt from company car tax for five years.
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