Cameron government: “People power? Not if we can help it”
Mr Cameron’s pre-election slogan, “vote blue, go green”
In contrast with the Asian scene, the British government decided last month to exclude solar and wind farms owned by community groups from tax-advantaged schemes . This measure followed previous subsidy cuts and proposals by the government to cut subsidies for domestic solar installations – feed-in tariffs – by 87% and social investment tax relief, which had been the chancellor’s ‘vehicle’ for future investment in the sector.
The finance bill’s third reading this week has now revealed that the Treasury is to go further, removing tax reliefs of 30% or more for community energy schemes.
Valued advice: Tony Lodge, a Research Fellow at the Centre for Policy Studies, has written ‘The Great Green Hangover – How to cut bills and avoid an energy crisis’ (more competition, retain coal mines) published this week.
Securing or sabotaging Britain’s future?
FIT: cost effective?
A Greenpeace report estimates that thirtyeight Community Energy England groups had received £7.4m in feed-in tariff subsidies since the scheme began in 2010, bringing in £50m of private investment and generating £45m for local economies. The renewable energy industry has warned that the cuts to subsidies would lead to the loss of 27,000 jobs, with 1,000 jobs already lost as solar firms have gone out of business.
The first corporate take over
After receiving planning permission last month for a 18,500 panel solar farm at Chiddinglye Farm, East Grinstead, REPOWER Balcombe – a community group in Sussex – cancelled its plans to power the villages of Balcombe and nearby West Hoathly. It cited the Treasury’s unexpected removal of tax relief for investors. The solar farm will go ahead but will be owned by a commercial developer, not the community.
For a detailed analysis, read Geoffrey Lean’s recent article in the Telegraph: “David Cameron’s government the greenest ever?
Conservative Home comment: “It is no good talking about energy security without talking about defence spending too, and the ability of the Navy to project power along the trade routes which we depend on for our energy”.
All six Royal Navy destroyers are “committed around the world 365 days a year hunting pirates, drug runners or submarines and Conservative Home comment sees another need as government decides to import even more gas: increase military spending for ‘gunboats’ to protect trade routes.
The Global Combat Ship (GCS) also known as the Type 26 Global Combat Ship, will be ready in 2022. Bring back the gunboats and rule the waves?
Posted on November 20, 2015, in Corporate political nexus, Energy, Environment, Finance, Government, Parliamentary failure, Planning, Taxpayers' money, Vested interests and tagged Balcombe, Community Energy England, Conservative Home, domestic solar installations, energy security, feed-in tariffs, finance bill, Geoffrey Lean, Global Combat Ship, Royal Navy destroyers, Tony Lodge. Bookmark the permalink. Leave a comment.