§ Mr. WrayTo ask the Chancellor of the Exchequer how much the climate change levy brings to the Exchequer; and who is exempt from the levy. [49681]
§ Mr. BoatengA forecast of revenue from the climate change levy in 2001–02 and 2002–03 was published in the pre-Budget report in November 2001. A new forecast was published in the Financial Statement and Budget report on 17 April.
The climate change levy is designed to encourage the non-domestic sector to become more energy efficient. Full details of the exemptions are available in the Library and on Customs and Excise's website at http:// www.hmce.gov.uk. In addition partial exemption is given to businesses who enter into negotiated energy efficient climate change agreements with the Government.
Following Budget 2002 the Government are exempting two further sources of energy generation from the CCL in view of their environmental benefits:
electricity from combined heat and power (CHP) plants sold via licensed electricity suppliers; andelectricity from coal mine methane (CMM) sold via licensed electricity suppliers.