Union moots carbon cost review
GMB suggests general taxation should pay for decarbonisation of economy
The GMB union has called on the UK government to consider paying for the decarbonisation of the economy through general taxation rather than energy bills.
The union, which represents workers in the energy sector, said the government should commit itself to complete transparency, efficacy, value for money and equity on all of the costs associated with decarbonising the economy.
It calls for a commission to review the cost effectiveness and fairness of the policies being pursued.
For example, whether the cost should be paid for from general taxation rather than levies on consumer bills.
The calls come after GMB researchers said they were unable to establish how much the full costs are arising from the implementation of the Climate Change Act 2008.
GMB said it was able to establish that if the £6.76bn cost identified in 2015 by the Committee on Climate Change, an independent statutory body, was to continue until 2030, the total cost would be £123.6bn.
But, the union said, it has been unable to put figures to the other items that will increase the overall cost, such as carbon taxes, emissions permits, capacity auction costs, renewable levies or any indirect costs associated with decarbonising the economy.
GMB researchers said that the figure is likely to be much higher than the £123.6bn identified.