Climate Change Minister, Greg Barker, pledges to treat all future energy policies with TLC: transparency, longevity and certainty

14.09.2010

In an address to the Confederation of British Industry (CBI), Greg Barker pledged to make TLC the ‘touchstone’ for all DECC policies. He also relayed that “Our actions should help businesses lower the cost of the capital you need to raise and deploy, particularly in innovation and technology, rather than simply by continuing to subsidise high-cost technology and interventions.”

However the address also admitted that businesses should prepare for project cuts and reduced incentives as part of the Government’s upcoming comprehensive budget review. He warned that “some very good projects” will have to be scaled back, while some less significant programmes will be axed altogether.