Climate Change Minister warns that the FIT scheme is already over budget

05.01.12

Yesterday’s decision by the government to appeal a High Court ruling that declared the coalition's plan to cut incentives for solar installations unlawful has been defended by Greg Barker, Climate Change Minister. Barker warned that this financial year’s budget for the feed-in tariff (FIT) scheme has already been exceeded. 

Greg Barker stated: "For the current year we are in the red and there is the potential that next year will be in the red. There's some flexibility in the levy control framework [spending cap] on a year-by-year basis... But we have our budget and the Chancellor is not going to reopen the spending review…. In hindsight, we should have acted sooner, but we could only act on the basis of the evidence we had.”

To read the interview in full, visit the BusinessGreen website.