UPDATE: UK: Treasury urged to insulate homes with carbon tax revenues - - A coalition of businesses and NGOs has accused the Treasury of hypocrisy over its refusal to use proceeds from carbon taxes to insulate the UK's housing stock. A new report, authored by an ex-Treasury economist for campaign group Energy Bill Revolution, which is made up of nearly 200 UK charities, businesses, unions, consumer, and health groups, highlights how the Treasury's decision to retain proceeds from emissions trading and the carbon floor price is something of an anomaly. Revenues from other policies classed as environmental taxes are set aside to be reinvested in specific programmes. For example, the Renewables Obligation funds green energy incentives and the London Congestion Charge is reinvested in Transport for London. The report, published on Friday, also highlights 13 countries in the EU that use proceeds from EU emissions trading to finance energy and climate change initiatives, including France and Germany, Italy, Czech Republic, Hungary, Estonia and Lithuania. However, the UK government has so far refused to recycle its carbon taxes for environmental initiates because it could reduce spending in other areas.- 10 Feb 2014 - News from BusinessGreen

CLICK LINK TO READ Treasury urged to insulate homes with carbon tax revenues - 10 Feb 2014 - News from BusinessGreen: "Energy Bill Revolution says revenues from carbon taxes could provide an extra £60bn over the next 15 years to help reduce fuel poverty.
"The real reason the Treasury has opposed carbon tax recycling into energy efficiency is because they don't want to reduce their control over public spending and other departments," said Ed Matthew, director of the Energy Bill Revolution in a statement.
"When will they understand that this is not their tax revenue? It belongs to the people and we want it back to warm up our homes. Using carbon tax to make households more energy efficient is by far the best long term solution to both bring down energy bills and end fuel poverty.""



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