Budget supports fracking not renewables

Yesterday’s Budget announcement from George Osbourne was disappointing in its lack of green measures and support for polluting industries.

At a time when the Chancellor could have supported low-carbon infrastructure, his policies have instead focused on road building, shale gas and subsidising carbon intensive industries.

Key policies within the Budget 2013 include:

  • Tax-breaks to encourage the development of shale gas
  • subsidising petrol use by halting the fuel price escalator
  • exempting the carbon-intensive ceramics industry from the Climate Change Levy
  • new support for road building

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