20 Mar '13, 3pm

What does the budget mean for energy and climate? Five key facts

What does the budget mean for energy and climate? Five key facts

1) “Generous” tax breaks for fracking, and plans to fast track planning permission for shale rigs The Chancellor announced today: “shale gas is part of the future. And we will make it happen.” He pledged a “generous new tax regime” for the fracking industry – and “by the summer new planning guidance will be available alongside specific proposals to allow communities to benefit". This announcement indicates Osborne's continued support for fracking as a way to boost the UK economy, as it has done in the US. As we’ve highlighted before – for a whole host of reasons, a US-style fracking revolution is extremely unlikely happen here . If it was to happen – it would be bad news for efforts to tackle climate change . Aware of the hostility towards onshore wind on his own benches, the Chancellor is probably aware that fracking could be unpopular across the large areas of countrysid...

Full article: http://www.greenpeace.org.uk/newsdesk/energy/analysis/bud...

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