In an hour-long speech to Parliament on Wednesday 21st March 2012, Chancellor of the Exchequer George Osborne pledged to reform or get rid of the hugely disliked Carbon Reduction Commitment (CRC) while at the same time paying little attention to ‘green’ energy and rewarding fossil fuels by encouraging a “dash for gas”.
Osborne described The Carbon Reduction Commitment (established by the previous government) as “cumbersome and bureaucratic” and said that it imposes unnecessary costs on business.
Green groups criticised the Chancellor for giving scant support to the cutting-edge, clean tech industries that are spearheading economic recovery in other countries such as Germany and that his lack of support for ‘Green’ flies in the face of Prime Minister David Cameron’s promise to “build a clean future”.
Riello UPS is placing the environment high on the agenda of the products and service we manufacture and supply. From eco UPS, to alternative sources of electrical energy and energy storage to licensed and environmentally sensitive recycling and disposal of old, out-of-date power protection products including UPS batteries.
For a fuller report of the 2012 UK budget and the energy sector, visit Riello UPS’s corporate blog.