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The Climate Change Levy (CCL) is a tax on energy delivered to non-domestic users in the United Kingdom. Scope and purpose ...
When the Climate Change Levy was introduced in the United Kingdom, the position of energy-intensive industries was considered, given their energy usage, the requirements of the Integrated Pollution Prevention and Control regime and their exposure to international competition.
Climate change is claimed to result in catastrophe (non-marginal) changes. [28] [29] "Non-marginal" means that the impact could significantly reduce the growth rate in income and welfare. The amount of resources that should be devoted to climate change mitigation is controversial. [28]
Non-domestic consumers can avoid paying the Climate Change Levy by acquiring Levy Exemption Certificates from renewable energy suppliers. Since these are not required by domestic consumers, it is possible for the supplier to sell the certificates to the non-domestic sector, as well as selling the renewables obligation certificate and the electricity.
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A Climate Change Levy is a tax on carbon use in industry, commerce and the public sector introduced by the British government in 2001, with the overall aim of promoting carbon efficiency and stimulating investment in low carbon technology. [85]
A key question this year is money. Under the Paris agreement signed in 2015, world leaders pledged to try to prevent global temperatures rising by more than 1.5C.
The Climate Change Levy is a p/kWh tax on certain electricity use. Exempt supplies include domestic supplies and supplies using less than the de minimis threshold of 1,000 kWh / month. [ 9 ]