UK November 2008 Renewables Obligation Extended

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CHANCELLOR ISSUES PRE-BUDGET REPORT

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This is good news for all those in the United Kingdom with existing AD Plants

The Chancellor of the Exchequer, Alistair Darling MP, has issued the pre-budget report for 2009, emphasising the Government’s desire not to let the current economic downturn impact on spending on renewable energy and other environmental projects.

“Action to achieve environmental goals remains a high priority,” he stated in his address to Parliament. Of key importance, the pre-budget report states the Renewables Obligation will be extended until “at least 2037”, in order to encourage increased investment in renewable energy technologies. In addition the report reaffirms the Government’s aim to implement a feed in tariff for small-scale energy generation (under 5MW) and a renewable heat incentive to encourage more on site generation. Furthermore a new Low Carbon Industrial Strategy will be developed in 2009, outlining a vision of how companies can take advantage of a “low-carbon economy”.

The report also confirms that the scheduled increases in landfill tax, by £8 per tonne up to 2010/11 will go ahead and indeed will continue post-2011. The increase in the lower rate of landfill tax, applying to inactive waste, from £2 per tonne to £2.50 (to be frozen at £2.50 in 2009/10) will also stay unchanged, as will the planned phase-out of the exemption from landfill tax for waste arising from the clean up of contaminated land by 2012 (in order to extend land remediation relief).