A new report Mission zero: independent review of net zero, following a review in September 2022 to ensure that the government’s net zero target does not place undue burdens on businesses or consumers, has published 129 recommendations, including:
how to incentivise investment in decarbonization using the tax system and capital allowances, including what would replace the super-deduction tax;
producing a roadmap by Autumn 2023 for developing and deploying R&D and technologies;
pursuing a consultation on carbon leakage measures;
an option to create a hypothecated net zero fund in the 2023 consultation on the long-term tax treatment of the North Sea; and
endorsement of the International Sustainability Standards Board (ISSB) standards.
A new report Mission zero: independent review of net zero, following a review in September 2022 to ensure that the government’s net zero target does not place undue burdens on businesses or consumers, has published 129 recommendations, including:
how to incentivise investment in decarbonization using the tax system and capital allowances, including what would replace the super-deduction tax;
producing a roadmap by Autumn 2023 for developing and deploying R&D and technologies;
pursuing a consultation on carbon leakage measures;
an option to create a hypothecated net zero fund in the 2023 consultation on the long-term tax treatment of the North Sea; and
endorsement of the International Sustainability Standards Board (ISSB) standards.
