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Do the current people in power or those in waiting really have a grasp on reality ? Zero stamp duty on carbon neutral homes - thats not going to cost very much is it ! No grants available because they are restructuring ! Biofuel will harm the planet. Whats going on ? While I am more than happy to do my bit to combat CO2 emmissions I feel the increasing tax burden is just that and in no way reflects any 'green' credentials and just what are they spending the money raised on ? Your thoughts please.
The govt seems to be pretty good at telling us where we ourselves should spend extra money but extremely reluctant to spend any of the taxes it has raised from us. The zero stamp duty on zero carbon homes offer is so full of let outs and exceptions that it's almost worthless.
I've never known direct Government action have a positive impact on anything much. They do best when they stick to setting the overall strategy (provided they have some people capable of thinking within their number) and then leaving the rest of us to sort out implementation. For example, when they gave monetary policy to the MPC.
If they followed the same principle on energy and emissions we might get somewhere i.e. introduce Tradeable Energy Quotas (TEQs) and set up a body to independently adminster the system with the goal of reducing emissions by 90% by 2050 along a pre-determined pathway. They could then sit back and let the market get on with innovating and incentivising individuals and businesses. The great thing about TEQs is that there is no possibility failure i.e. if you haven't got the quota, you can't get the fossil fuels, and the market, free of subsidy and distortions, will determine the most efficient allocation of resources to reach the goal. HMG could direct its efforts to getting TEQs implemented throughout the EU, the OECD, then the world and we have our solution.
We won't get there by implementing an initiative here and subsidy there to please the lobby groups without hitting the voters in the pocket - will just turn out to be a dog's breakfast same as always, and this particular issue it too important for that.