RenewableUK comments on Budget 2019
12 March 2020
Posted by: Luke Clark
The 2019 Budget set out a range of new energy and climate change measures, building on the announcement last week of a new pot 1 Contracts for Difference auction. Commenting on the Budget, RenewableUK’s Deputy CEO Melanie Onn said:
“Taken together with the announcements last week on increasing renewables, yesterday’s Budget made clear that cheap, clean energy is vital to achieving net zero at lowest cost. The Chancellor’s decision to raise the business levy on gas boosts the case for investment in new low carbon heating technologies and developing clean fuels, like renewable hydrogen, to decarbonise industry and transport. We look forward to working with the Government to go further and faster in creating the markets for new technologies to deliver net zero”.
“We also welcome the Government’s Coronavirus Business Interruption Loan Scheme, which may aid some of our members with options such as overdrafts, invoice finance facilities and asset finance facilities. We await further details of eligibility with interest and it is important that support for business keeps pace the impacts of Covid as the situation develops”.
For further information, please contact:
· Luke Clark, Head of External Affairs 0207 901 3037 or 07973 481 907 Luke.Clark@RenewableUK.com
· Robert Norris, Head of Communications, 0207 901 3013 or 07969 229 913 Robert.Norris@RenewableUK.com