Energy and Climate Change Secretary Chris Huhne defended the decision to axe the revenue recycling component of the carbon pricing scheme, which is expected to raise £1bn a year for the Treasury.
Huhne said that the changes to the CRC will be followed by wider increases in green taxes. "We are obviously going to look at the whole agenda of green taxes because it was in the coalition agreement that we would be raising green taxes as a share of overall taxation..... This is not the end of the story, this is the start of the story."
BusinessGreen
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