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Carbon floor price could create more sustainable sector jobs

Published: Friday, 01 April 2011   Category: Science, Engineering and IT

More graduate vacancies could appear in the sustainable sector after the government's proposal to introduce a carbon floor price to charge businesses for their emissions, according to the Renewable Energy Foundation (REF).

George Osborne announced in last month's Budget that a carbon floor price of £16 per tonne is set to be introduced in April 2013.

"Renewables are by and large dependent on subsidy drawn from consumer bills," explained Dr John Constable, director of policy and research at the REF, citing the Renewables Obligation (RO), Feed-in Tariffs (FiTs) and Renewable Heat Incentive (RHI) as examples.

"In the low carbon floor price announced in the Budget, we see a clear step towards replacing these income support mechanisms for renewables with a carbon tax," he said.

"From a consumer's perspective this is almost certainly preferable and would be a much more readily adjusted means of encouraging invention and innovation, but the transition will unavoidably create a period of uncertainty for investors."

Last month, Ian Byrne, deputy director of the National Energy Foundation (NEF), said that the number of green jobs in the UK is growing.

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