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2011 review: environment

Mark Schofield and Jayne Harrold review the top five tax developments in 2011 affecting environmental taxes

 Below we have included five key environmental tax developments in 2011 along with our thoughts for 2012.

1. Carbon price support

In the 2011 Budget the government announced the introduction of a Carbon Price Floor (CPF) to encourage investment in low carbon electricity generation.

Why it matters: The aim of CPF is to encourage investment in low carbon technology. However there may be unintended consequences.

The additional cost is likely to be passed on...

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