Today in the United Kingdom the Chancellor of the Exchequer – effectively the finance minister of the country – laid out his budget statement. Mr Darling headlined his budget as one to secure the recovery. What recovery? Well, the bankers have seen their bonuses recover greatly but for most ordinary people the recession is a reality and the recovery a myth. The environmental impact of the budget is dealt with separately these days, and that is a “Good Thing” because it enables us to see the actual measures that will affect the environment in some detail. (more…)
Filed under: Alistair Darling, carbon dioxide, carbon emissions, carbon trading, climate change, global warming | Tagged: Budget, emission trading scheme, environmental aspects of the budget, ETS, EU ETS | Leave a Comment »