Wednesday, 10 November 2010

British Metals Recycling Group Protests U.K. Government's CRC Changes

The British Metals Recycling Association (BMRA), in a press release issued
by the association, has officially protested the United Kingdom's
announcement by the government to use Carbon Reduction Commitment (CRC)
Energy Efficiency Scheme to support public finances.

The move is part of the British Government's comprehensive spending review.

BMRA's statement claims that revenue for the scheme was to be used to
recognize reductions in carbon emissions. The BMRA states that the change
effectively makes the scheme an additional tax on business that will raise
£1 billion (US$1.585 billion) per year and remove an incentive to improving
energy efficiency.

The BMRA adds that the move will have a significant impact on scrap metal
recyclers using large plants and equipment for processing recyclables. It is
also expected that the reach of the scheme will be extended to other users
in the future.

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