Dave Vetter

The end of renewables in the UK?
Chris Caldwell, CEO of United Renewables, looks at what Jeremy Hunt's changes mean for the UK energy sector - and it's brutal.

https://www.linkedin.com/feed/update/activity:6999715624889278464

Among the highlights:

"Jeremy Hunt’s first budget imposed a whopping 45% windfall taxes on renewables. This compares to the 35% imposed on the oil & gas sector ...

"So, huge disincentives to new renewables and a huge incentive to investment in additional fossil fuel extraction."

See Alexandros Tzianoumis’ activity on LinkedIn

Sign in or join now to see posts like this one and more.

Nov 19, 2022 at 2:35pmWeb
Show threadMarverdeNov 19, 2022
@davevetter Good grief. It reminds me of what the previous and disgraceful Spanish govt imposed in Spain. It became known as the #ImpuestoAlSol (tax on the sun). It brought the emerging #solarindustry to its knees till abolished by the present govt.
#Conservatives are a killer for this planet. They don't give a hoot about the #ClimateCrisis.