U.K. to Soften Impact of Carbon Cuts on Industry By End of 2011
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The U.K. government plans to announce measures to reduce the cost on industry of complying with pollution-reduction rules and may purchase credits overseas to meet its carbon emissions targets.
Energy Secretary Chris Huhne, acknowledging his goals to reduce carbon dioxide emissions were “ambitious,” said he’d detail by by the end of this year proposals to soften the blow on energy-intensive industries. He said the intention is to halve greenhouse gases from 1990 levels by 2027 through domestic efforts, while declining to rule out using CO2 offset credits.