The Chartered Institute of Taxation (CIOT) has backed the idea of a single climate tax on businesses as long as it comes after an environmental tax framework similar to the business tax road map. The CIOT said such a road map would help to counter confusion and suspicion among consumers and businesses about the objectives and direction of the Government’s environmental tax policy.
John Cullinane, CIOT’s Tax Policy Director, said: “It is time that the Government clarified the aims and the direction of its environmental tax policy because of the array of changes that have been made in recent years. We seem to be moving from green taxes that try to reduce energy use to them becoming just another revenue raising mechanism.
“We understand that there are different objectives to be balanced here but the Government needs to be transparent with business and the public about where the balance is to be struck.
“An environmental tax roadmap along the lines of the business taxes plan adopted in the last Parliament is urgently needed to rebuild confidence among businesses and the general public in the ultimate objective of these green taxes which is to protect the environment.
“Consistent and long-term policy goals would boost support among businesses for a single climate tax as proposed in the Treasury’s recent Business Energy Efficiency Tax Landscape consultation.
“Businesses would benefit from a single coherent climate tax providing it would be simpler to administer, understand and pay than the present range of disconnected taxes and financial obligations. However, for it to remain an environmental tax there must be clear environmental objectives.”
The CIOT believes it will also be important that UK environmental tax policy as it develops takes into account the European Commission’s Energy Union Strategy, which has a key 2016 work priority being to focus on meeting the 2030 energy and climate package targets. The road map must also take account of the forthcoming Paris UN Climate Change Conference.
The CIOT told a recent Treasury consultation that it shares the Government’s aim to reduce compliance time and costs and to work with existing and statutory reporting requirements to ensure minimising of tax duplication. Views on the idea of a single climate tax was part of the consultation.
John Cullinane said: “Our tax system is already too complex and the Government cannot expect to successfully create investor and consumer confidence in the green market without greater long-term certainty in how that branch of the economy is taxed.”
A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”