Environmental Audit - Second Report
Here you can browse the report which was ordered by the House of Commons to be printed 19 February 2008.
CONTENTS
Terms of Reference
REPORT
INTRODUCTION
The Climate Change Levy package is made
up of four main elements
The CCL package is the second largest measure
in the UK Climate Change Programme
Issues tackled in this report
EFFECTIVENESS OF THE CLIMATE CHANGE LEVY
It is hard to isolate the impacts of
the Levy
Most of the Levy's impacts were established
before it came into operation
Other views on the size of the Levy's impacts
are more sceptical
EFFECTIVENESS OF THE CLIMATE CHANGE AGREEMENTS
Evaluating the impacts of the CCAs is
extremely complex
The process of complying with Agreements
has led to energy savings
The use of a tax discount has been key in
capturing business interest
The stringency and value for money of the
CCA system should be increased
RECYCLING CCL REVENUE
The effects of the cut in NI Contributions
are complicated and controversial
The work of the Carbon Trust should be expanded
Evidence for the effectiveness of Enhanced
Capital Allowances is mixed
Hypothecation of revenues should be more
transparent, and funding increased
LEVY EXEMPTIONS FOR RENEWABLE ENERGY AND
COMBINED HEAT AND POWER
The exemption on green electricity has
increased demand but not supply
The exemption on combined heat and power
has had limited effect
Both exemptions are compromised by the Levy
discount for CCA participants
ECONOMIC IMPACTS AND ADMINISTRATIVE COMPLEXITY
The CCL package does not impose a damaging
burden on UK business overall
Businesses face a complex tangle of overlapping
climate change policies
FURTHER OPTIONS FOR REFORM
Refocusing the Levy on carbon would be
difficult and of questionable benefit
Agreements should be based on absolute cuts
in carbon emissions
OVERALL LESSONS FOR CLIMATE CHANGE POLICY
Businesses have not always acted according
to economic theory
CONCLUSIONS AND RECOMMENDATIONS
FORMAL MINUTES
WITNESSES
LIST OF WRITTEN EVIDENCE
LIST OF UNPRINTED EVIDENCE
LIST OF REPORTS FROM THE COMMITTEE DURING
THE CURRENT PARLIAMENT
MINUTES OF EVIDENCE
WRITTEN EVIDENCE
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