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« Deconstructing the U.S. Economy: The Non-Recovery | Main | Cameco Cigar Lake Began Production »
Monday
Mar172014

Keep carbon tax, say green and nuclear energy chiefs

The Chancellor is widely expected to take action to curb future rises in the carbon tax, to ease costs for households and manufacturers alike

The Chancellor must resist calls to scrap his carbon tax in the budget this week because it remains the most cost-effective way of tackling climate change, energy giant EDF has argued.

Vincent de Rivaz, EDF Energy chief executive, insists that Britain "has right policies on climate change and energy" and warns of the dangers of abandoning long-term policies, such as the carbon price floor.

"Crucially, the political consensus and stability of these policies have given investors the confidence to put their money into Britain," he says.

The Chancellor is widely expected to take action to curb future rises in the carbon tax, to ease costs for households and manufacturers alike, and to prolong the life of coal plants as a capacity crunch looms.

But while consumer and industry groups and some suppliers have urged the Chancellor to scrap the tax altogether, Mr de Rivaz urges the Government to "send a strong signal that it remains committed to its long term energy polices even if it makes short term and temporary adjustments to them".

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal?

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