Friday, August 01, 2008

Something stinks

And I think it is this:

Auctioning off the right to emit carbon dioxide is likely to net the UK government nearly €2.5bn (£2bn) over the next four years, under plans to be announced today.

Telegraph - Green light for carbon credit sale

And now I know why: 'The Government, which has said the money raised will go to the Exchequer, remains on a collision course with the EU, which has insisted that any monies raised from carbon permit trading should be used to fund projects designed to combat climate change.'

Telegraph - A windfall tax will not solve our energy crisis - 'The Treasury perennially refuses to ring-fence revenues from "green" taxes - thereby undermining its credibility.'
Just thought it was worth repeating for effect:)

Times - NEW - Gordon Brown plans ‘green tax’ on energy firms to help poor

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