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The $7.6 Billion Burden That Led Britain to Slash Green Subsidy

Prime Minister David Cameron once promised his government would be the U.K.’s greenest ever. Now his ministers are cutting subsidies for renewables wherever they can, including limits on solar and biomass this week.

The attached chart shows projections used by the government that indicate support for clean energy will cost 4.9 billion pounds ($7.6 billion) more than the Treasury has allowed for over the next six tax years. Consumers pay the cost of those subsidies through their bills.