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Anorak | Osborne’s Shelving The Fuel Duty Escalator Is The Right, Green Thing To Do

Osborne’s Shelving The Fuel Duty Escalator Is The Right, Green Thing To Do

by | 6th, December 2013

THIS might sound a little odd and I’ll almost certainly be the only person telling you this. But George Osborne’s shelving of the fuel duty escalator is the right thing for him to be doing. No, not because it’s a tax cut, or not a tax rise, but because it’s the correct green thing to be doing for the environment. Yes, this is going to sound a little odd, isn’t it?

We need to go back a few years, to the Stern Review. In it the main recommendation was that we have to have a carbon tax at $80 per tonne CO2 emissions in order to beat climate change. This is the scientific consensus now, that we should have this tax.

Excellent: and $80 per tonne CO2 is around and about 11p on a litre of petrol. Now duty on petrol is very much higher than 11 p but we don’t just tax petrol ion order to save the planet. We want to

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Posted: 6th, December 2013 | In: Money, Politicians Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink