re: now that is what i call a bounce ! n/c
Holy ***! Have a look at what the UK Government's just announced by way of subsidising and, through taxation, assisting alternative energies. Should give CFU, who is likely to be first to market, a big boost.
"DTI will publish a Microgeneration Strategy next week which will set out how the Government intends to address the various barriers preventing widespread take-up of these technologies through measures such as ensuring microgenerators are rewarded for exports of electricity, and working with planning authorities and the construction industry to develop positive approaches. Budget 2006 announces a further £50 million for DTI's Low Carbon Buildings Programme with the aim of encouraging manufacture at higher scale leading to lower costs."
The Government is committed to delivering a strong economy based not just on high and stable levels of growth and employment but also on high standards of environmental care.
This Budget sets out the next stage in the Government's strategy for tackling the global challenge of climate change including:
• encouraging energy efficiency in the business sector through an increase in the climate change levy, in line with inflation, from 1 April 2007;
• further measures to improve household energy efficiency, including an extra 250,000 installations of subsidised insulation in British homes over the next two years, funding for local authority-led publicity and incentive schemes, trialling the use of 'smart' energy meters, and a new voluntary initiative with major retailers to reduce the energy use of consumer electronics;
• the development of a new National Institute of Energy Technologies, in partnership with the private sector, to better leverage the substantial public sector funding of energy research;
• further support for the development of alternative energy sources, including an additional £50 million to develop microgeneration technologies and the launch of a consultation document on the barriers to large-scale commercial deployment in the UK of carbon capture and storage;
• further detail on the Renewable Transport Fuel Obligation to increase the use of biofuels – with the obligation set at 2.5 per cent in 2008-09 and 3.75 per cent in 2009-10, and the biofuels duty incentive maintained at 20 pence per litre in 2008-09;
• reforms to vehicle excise duty (VED) to sharpen environmental incentives including reducing the rate to zero for cars with the very lowest carbon emissions and introducing a new top band for the most polluting new cars.
50 per cent of cars will see their VED frozen or reduced; and
• the deferral to 1 September 2006 of the inflation-only increase in main road fuel duties, reflecting continuing volatility in the oil market; and
the same increase of 1.25 pence per litre, also from 1 September 2006, in duty for rebated fuels, maintaining the differential with main fuel duty rates to support the Oils Strategy.
The Budget also reports on the Government’s strategy for tackling other environmental challenges, including:
• an increase in the value of the landfill tax credit scheme to £60 million in 2006-07 with a challenge to the private and voluntary sector partners in the scheme to provide additional opportunities for young people to volunteer onenvironmental projects; and • a freeze in the rate of the aggregates levy.
CFU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
