Green policies affecting UK industry

“The impacts of green policies are increasingly causing concern, both in terms of the likely scale of the impact on energy bills for major consumers and the continuing uncertainty about a number of mechanisms designed to support renewable investments,” comments Jayesh Parmar, Partner at Baring Partners. “There is a need for concerted focus and conclusion across environmental and industrial policy so we can set targets that are achievable without damaging Britain’s industry. We view the £250m support for energy intensive industries as recognition that there is growing realisation of this issue, although it is a relatively small sum when considered against the over 200TWh of energy taken by major consumers in the UK. We also await details of how this fund is expected to operate.”

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